Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 8
- Date
- 2024-10-06
- Hijri
- 3 Rabiʻ II 1446 AH
- Reference
- PAY-2024-003-08
Interim payment certificate no. (8)
For the work of September 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 | 2,573,500 |
| 2 | Less: previous certificates | (2,134,500) |
| 3 | Value of work in this certificate | 439,000 |
| 4 | Less: retention (10%) | (43,900) |
| 5 | Less: advance payment recovery (10%) | (43,900) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (87,800) |
| 8 | Net before VAT | 351,200 |
| 9 | Add: value added tax (15%) | 52,680 |
| 10 | Net amount payable to the contractor | 403,880 |
Amount in words: Four hundred three thousand eight hundred eighty Saudi riyals only
Retention held up to this certificate: SAR 257.4K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 1,306,900 | 347,300 | 68,350 | 415,650 | 32% |
| Earthworks & foundations | 3,360,600 | 540,850 | 107,650 | 648,500 | 19% |
| Concrete & structural works | 5,787,700 | 727,550 | 150,000 | 877,550 | 15% |
| Mechanical, electrical & plumbing | 4,480,800 | 355,650 | 76,700 | 432,350 | 10% |
| Finishes & external works | 2,800,500 | 142,200 | 31,500 | 173,700 | 6% |
| Testing & commissioning | 933,500 | 20,950 | 4,800 | 25,750 | 3% |
| Total | 18,670,000 | 2,134,500 | 439,000 | 2,573,500 | 14% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Samer A. Al-Qahtani
Al-Qahtani2024-10-06
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2024-10-08
Project manager
Eng. Waleed O. Al-Juhani
Al-Juhani2024-10-11
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2024-10-14
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2024-10-17