R-19: Budget Change Log Report
Data Date: 28 Feb 2026
Budget Change Log Report
Change Order Register & Budget Waterfall — Approved, Pending & Forecast Changes
Project
Marina Tower Phase 2
Client
Marina Bay Developments Ltd
Data Date
28 Feb 2026
Contract Duration
Jan 2024 – Dec 2026
Total COs Issued
47
Original Budget
$80.0M
Contract award value
Approved Changes
+$17.0M
44 COs approved
Current Budget (BAC)
$97.0M
Approved contract value
Pending Changes
+$4.2M
3 COs in review
EAC (CPI Method)
$101.3M
$4.3M over BAC
Budget Growth
+21.3%
vs original contract
CO Approval Rate
93.6%
44 of 47 approved
Budget Waterfall — Original to EAC ($M)
Budget Waterfall Chart — Marina Tower Phase 2
$0 $25M $50M $75M $100M $80.0M Original Budget +$8.2M Client-Dir. Changes +$5.1M Design Variations +$3.7M Unforeseen Conditions $97.0M Current BAC +$4.2M Pending COs $101.3M EAC Forecast
Change Order Register — Latest 20 of 47 (Sorted by Date Desc)
CO # Date Description Amount ($K) Status Approval Date Cumul. Budget ($K) Δ vs Original
CO-047 24 Feb 2026 Level 42–44 facade glass upgrade +1,200 Pending 98,200 +22.8%
CO-046 18 Feb 2026 Additional fire egress — revised code +2,100 Pending 97,000 +21.3%
CO-045 10 Feb 2026 Mechanical plant room expansion +900 Pending 94,900 +18.6%
CO-044 02 Feb 2026 L29 concrete slab rectification (defect) +650 Approved 12 Feb 2026 94,000 +17.5%
CO-043 27 Jan 2026 EV charging infrastructure — 80 spaces +480 Approved 04 Feb 2026 93,350 +16.7%
CO-042 19 Jan 2026 Lobby atrium revised ceiling design +1,450 Approved 29 Jan 2026 92,870 +16.1%
CO-041 08 Jan 2026 Underground waterproofing extension +320 Approved 20 Jan 2026 91,420 +14.3%
CO-040 15 Dec 2025 Structural steel — additional wind bracing +2,800 Approved 22 Dec 2025 91,100 +13.9%
CO-039 02 Dec 2025 Revised MEP coordination — 3D clash +890 Approved 10 Dec 2025 88,300 +10.4%
CO-038 18 Nov 2025 Smart building BMS upgrade +1,100 Approved 28 Nov 2025 87,410 +9.3%
CO-037 05 Nov 2025 Podium level landscaping redesign +620 Approved 14 Nov 2025 86,310 +7.9%
CO-036 22 Oct 2025 Piling — additional test piles (geotech) +750 Approved 01 Nov 2025 85,690 +7.1%
CO-035 09 Oct 2025 Acoustic treatment — residential floors +430 Approved 21 Oct 2025 84,940 +6.2%
CO-034 25 Sep 2025 Wet weather delay — extended preliminaries +1,600 Approved 07 Oct 2025 84,510 +5.6%
CO-033 11 Sep 2025 Client: add 4 additional car park levels +3,200 Approved 22 Sep 2025 82,910 +3.6%
CO-032 29 Aug 2025 Omission — delete basement Level B3 -850 Approved 09 Sep 2025 79,710 -0.4%
CO-031 14 Aug 2025 Lift supplier change — premium spec +920 Approved 25 Aug 2025 80,560 +0.7%
CO-001 – 030 Jan – Aug 2025 30 prior change orders (see Appendix A) +640 (net) Archived Various
TOTAL APPROVED (44 COs) + PENDING (3 COs) +21,200 97,000 + 4,200 +26.5%
Budget Change Summary — 2 Years of Change Orders

The Marina Tower Phase 2 project has experienced 47 change orders over 24 months, growing the contract value from the original $80.0M to a current BAC of $97.0M (+21.3%). The largest single category of change is client-directed variations ($8.2M, 48% of total change), primarily relating to upgrades in Level 29+ residential apartments and lobby enhancements.

Three change orders totalling $4.2M are currently pending formal approval by the client's representative. If approved, the BAC will reach $101.2M. Combined with the CPI-based cost overrun projection, the EAC stands at $101.3M — a $21.3M (26.6%) increase from the original contract.

Trend Alert: The rate of change order issuance has accelerated in Q4 2025–Q1 2026 (12 COs in 5 months vs. 18 COs in the prior 19 months), indicating design instability or scope creep in the upper residential floors. A formal scope freeze review is recommended before the Level 38–44 fit-out commences in April 2026.