Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 4
- Date
- 2024-06-12
- Hijri
- 6 Dhuʻl-Hijjah 1445 AH
- Reference
- PAY-2024-003-04
Interim payment certificate no. (4)
For the work of May 2024
- Contract number
- RC/2024/003
- Supplier-portal reference
- 2401220043
- Contract
- Design & build — current HQ rehabilitation & committee-room wing
- Contractor
- United Buildings & Operations Co.
- Contractor VAT number
- 320510488360003
- Project
- Converting the Current Headquarters into a Member Services Centre & Committee Rooms
- Contract period
- 2024-02-01 — 2026-09-30
- Original contract value
- 17,600,000
- Current contract value
- 18,670,000including variations of SAR 1.1M
- Linked milestone
- Earthworks & foundations complete · MS-G2 Designs approved
Certificate summary (SAR)
| 1 | Total value of work completed to date | 964,500 |
| 2 | Less: previous certificates | (645,500) |
| 3 | Value of work in this certificate | 319,000 |
| 4 | Less: retention (10%) | (31,900) |
| 5 | Less: advance payment recovery (10%) | (31,900) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (63,800) |
| 8 | Net before VAT | 255,200 |
| 9 | Add: value added tax (15%) | 38,280 |
| 10 | Net amount payable to the contractor | 293,480 |
Amount in words: Two hundred ninety-three thousand four hundred eighty Saudi riyals only
Retention held up to this certificate: SAR 96.5K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 1,306,900 | 104,900 | 50,850 | 155,750 | 12% |
| Earthworks & foundations | 3,360,600 | 163,400 | 79,650 | 243,050 | 7% |
| Concrete & structural works | 5,787,700 | 220,050 | 108,850 | 328,900 | 6% |
| Mechanical, electrical & plumbing | 4,480,800 | 107,700 | 54,350 | 162,050 | 4% |
| Finishes & external works | 2,800,500 | 43,100 | 22,000 | 65,100 | 2% |
| Testing & commissioning | 933,500 | 6,350 | 3,300 | 9,650 | 1% |
| Total | 18,670,000 | 645,500 | 319,000 | 964,500 | 5% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Samer A. Al-Qahtani
Al-Qahtani2024-06-12
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2024-06-14
Project manager
Eng. Waleed O. Al-Juhani
Al-Juhani2024-06-17
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2024-06-20
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2024-06-23