AL RAHBA – Progress & Payment Report

Bank flow: 10% retention on each invoice. First payment also held a separate 10% cash collateral (AED 175,000) – not included in “Amount Released” below, per your rule (amount − retention).

Prepared: 2025-11-12 08:12

Project Value: AED 1,750,000.00

Payment	Progress (Current)	Progress (Cumulative)	Payment Amount	Retention (10%)	Retention (Cumulative)	Amount Released (Payment − Retention)
Invoice 1	35.0%	35.0%	AED 588,942.31	AED 58,894.23	AED 58,894.23	AED 530,048.08
Invoice 2	18.0%	53.0%	AED 302,884.61	AED 30,288.46	AED 89,182.69	AED 272,596.15
Invoice 3	10.0%	63.0%	AED 168,269.23	AED 16,826.92	AED 106,009.61	AED 151,442.31
Invoice 4	11.0%	74.0%	AED 185,096.15	AED 18,509.62	AED 124,519.23	AED 166,586.53
Invoice 5	14.0%	88.0%	AED 235,576.92	AED 23,557.69	AED 148,076.92	AED 212,019.23
Total	—	—	AED 1,480,769.22	AED 148,076.92	AED 148,076.92	AED 1,332,692.30

Notes: “Amount Released” follows your requested logic and ignores the AED 175,000 cash collateral withheld on the first payment. Values are rounded to 2 decimals.