Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 11
- Date
- 2025-01-01
- Hijri
- 1 Rajab 1446 AH
- Reference
- PAY-2024-003-11
Interim payment certificate no. (11)
For the work of December 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
- Structure complete · MS-G3 Build complete
Certificate summary (SAR)
| 1 | Total value of work completed to date | 4,090,000 |
| 2 | Less: previous certificates | (3,603,000) |
| 3 | Value of work in this certificate | 487,000 |
| 4 | Less: retention (10%) | (48,700) |
| 5 | Less: advance payment recovery (10%) | (48,700) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (97,400) |
| 8 | Net before VAT | 389,600 |
| 9 | Add: value added tax (15%) | 58,440 |
| 10 | Net amount payable to the contractor | 448,040 |
Amount in words: Four hundred forty-eight thousand forty Saudi riyals only
Retention held up to this certificate: SAR 409K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 1,306,900 | 586,700 | 73,800 | 660,500 | 51% |
| Earthworks & foundations | 3,360,600 | 913,550 | 117,150 | 1,030,700 | 31% |
| Concrete & structural works | 5,787,700 | 1,228,100 | 166,600 | 1,394,700 | 24% |
| Mechanical, electrical & plumbing | 4,480,800 | 599,750 | 87,350 | 687,100 | 15% |
| Finishes & external works | 2,800,500 | 239,650 | 36,450 | 276,100 | 10% |
| Testing & commissioning | 933,500 | 35,250 | 5,650 | 40,900 | 4% |
| Total | 18,670,000 | 3,603,000 | 487,000 | 4,090,000 | 22% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Samer A. Al-Qahtani
Al-Qahtani2025-01-01
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2025-01-03
Project manager
Eng. Waleed O. Al-Juhani
Al-Juhani2025-01-06
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2025-01-09
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2025-01-12