Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 12
- Date
- 2025-01-30
- Hijri
- 30 Rajab 1446 AH
- Reference
- PAY-2024-003-12
Interim payment certificate no. (12)
For the work of January 2025
- 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 | 4,654,000 |
| 2 | Less: previous certificates | (4,090,000) |
| 3 | Value of work in this certificate | 564,000 |
| 4 | Less: retention (10%) | (56,400) |
| 5 | Less: advance payment recovery (10%) | (56,400) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (112,800) |
| 8 | Net before VAT | 451,200 |
| 9 | Add: value added tax (15%) | 67,680 |
| 10 | Net amount payable to the contractor | 518,880 |
Amount in words: Five hundred eighteen thousand eight hundred eighty Saudi riyals only
Retention held up to this certificate: SAR 465.4K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 1,306,900 | 667,100 | 84,550 | 751,650 | 58% |
| Earthworks & foundations | 3,360,600 | 1,038,200 | 134,600 | 1,172,800 | 35% |
| Concrete & structural works | 5,787,700 | 1,393,950 | 193,050 | 1,587,000 | 27% |
| Mechanical, electrical & plumbing | 4,480,800 | 679,600 | 102,250 | 781,850 | 17% |
| Finishes & external works | 2,800,500 | 271,250 | 42,900 | 314,150 | 11% |
| Testing & commissioning | 933,500 | 39,900 | 6,650 | 46,550 | 5% |
| Total | 18,670,000 | 4,090,000 | 564,000 | 4,654,000 | 25% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Samer A. Al-Qahtani
Al-Qahtani2025-01-30
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2025-02-01
Project manager
Eng. Waleed O. Al-Juhani
Al-Juhani2025-02-04
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2025-02-07
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2025-02-10