Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 13
- Date
- 2025-02-28
- Hijri
- 29 Shaʻban 1446 AH
- Reference
- PAY-2024-003-13
Interim payment certificate no. (13)
For the work of February 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 | 5,261,000 |
| 2 | Less: previous certificates | (4,654,000) |
| 3 | Value of work in this certificate | 607,000 |
| 4 | Less: retention (10%) | (60,700) |
| 5 | Less: advance payment recovery (10%) | (60,700) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (121,400) |
| 8 | Net before VAT | 485,600 |
| 9 | Add: value added tax (15%) | 72,840 |
| 10 | Net amount payable to the contractor | 558,440 |
Amount in words: Five hundred fifty-eight thousand four hundred forty Saudi riyals only
Retention held up to this certificate: SAR 526.1K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 1,306,900 | 759,850 | 89,850 | 849,700 | 65% |
| Earthworks & foundations | 3,360,600 | 1,182,200 | 143,550 | 1,325,750 | 39% |
| Concrete & structural works | 5,787,700 | 1,586,100 | 207,900 | 1,794,000 | 31% |
| Mechanical, electrical & plumbing | 4,480,800 | 772,450 | 111,400 | 883,850 | 20% |
| Finishes & external works | 2,800,500 | 308,100 | 47,000 | 355,100 | 13% |
| Testing & commissioning | 933,500 | 45,300 | 7,300 | 52,600 | 6% |
| Total | 18,670,000 | 4,654,000 | 607,000 | 5,261,000 | 28% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Samer A. Al-Qahtani
Al-Qahtani2025-02-28
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2025-03-02
Project manager
Eng. Waleed O. Al-Juhani
Al-Juhani2025-03-05
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2025-03-08
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2025-03-11