GAZETTE NOTICE NO. 15898

TAKE NOTICE within thirty (30) days with effect from 10th October 2012, Mecko Enterprises the claimants request the respondents to correct in to the arbitral Min. 02/2012/06 of 10/10/2012 Amicable agreement, any computation errors, any clerical or typographical errors or any other errors of a similar nature and any interpretation of specific point or part of evidence in computation of final certificate of payment to form an award in amicable settlement of the matter as provided for in the Arbitration Act and Rules for amicable settlement of disputes of such products. Computation of Final Certificate of Payment—Note 3 KSh. KSh. 23 Payment Certificate Clause 23. 1- 23.4 Re-measured works – Labour (Gonzaga Consultants Ltd.) as 30/6/2011 7,442,392 Materials DTC/EP/2011/02 27/12/2011 – 78.771% 20,229,835 Labour component of KSh. 3 Million spent by the school Board as at 20/7/2011 – 21.229% 636,870 28,309,097 VAT thereon (16%) 4,529,456 Interest thereon – (Condition of Contract Clause 23.3) Labour – CBK rate 18% at 4/10/2010 – 4/11/2012 +3% 750 days 1,767,667 Materials – CBK rate 18% at 4/10/2010 – 4/11/2012 +3% 750 days 5,016,504 6,829,171 Other expenses – (Conditions of Contract Clause 23.3) Performance Bond (Extended times – 28 weeks) 471,000 Plants & Equipment plus insurance (Extended times – 28 weeks) 987,533 Water – 399,323 Litres @ 2/= (Sub structure with columns) 798,646 2,257,179 24 Compensation Events Clause 24. 1- 24.6 Impetus Cost Consultants – Quantity Surveyor 1,836,000 Mutenyo Wattimah & Co. Advocates 1,836,000 Bunei, Maungu & Associates – Arbitrator 1,836,000 Denoil (K) Limited - Analyst 1,836,000 Lobonyo & Associates - Auditor 1,836,000 9,180,000 51,104,903 Less: Advance paid for materials 29/6/2012 – 4/10/2010 Clause 23.3 8,500,000 VAT Paid 16% KRA 135,862 Plant & Equipments advance (works) 150,000 Labour paid 21.229% 5,203,761 13,989,623 Payment Due to M/S Mecko Enterprises 37,115,280 Dated the 10th October, 2012. LOBONYO & ASSOCIATES, Certified Public Accountants of Kenya, for Claimants.