Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 14
- Date
- 2025-03-29
- Hijri
- 29 Ramadan 1446 AH
- Reference
- PAY-2024-003-14
Interim payment certificate no. (14)
For the work of March 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 | 5,774,500 |
| 2 | Less: previous certificates | (5,261,000) |
| 3 | Value of work in this certificate | 513,500 |
| 4 | Less: retention (10%) | (51,350) |
| 5 | Less: advance payment recovery (10%) | (51,350) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (102,700) |
| 8 | Net before VAT | 410,800 |
| 9 | Add: value added tax (15%) | 61,620 |
| 10 | Net amount payable to the contractor | 472,420 |
Amount in words: Four hundred seventy-two thousand four hundred twenty Saudi riyals only
Retention held up to this certificate: SAR 577.5K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 1,306,900 | 857,450 | 75,150 | 932,600 | 71% |
| Earthworks & foundations | 3,360,600 | 1,334,700 | 120,450 | 1,455,150 | 43% |
| Concrete & structural works | 5,787,700 | 1,793,150 | 175,950 | 1,969,100 | 34% |
| Mechanical, electrical & plumbing | 4,480,800 | 874,900 | 95,200 | 970,100 | 22% |
| Finishes & external works | 2,800,500 | 349,400 | 40,400 | 389,800 | 14% |
| Testing & commissioning | 933,500 | 51,400 | 6,350 | 57,750 | 6% |
| Total | 18,670,000 | 5,261,000 | 513,500 | 5,774,500 | 31% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Samer A. Al-Qahtani
Al-Qahtani2025-03-29
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2025-03-31
Project manager
Eng. Waleed O. Al-Juhani
Al-Juhani2025-04-03
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2025-04-06
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2025-04-09