Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 17
- Date
- 2025-06-23
- Hijri
- 27 Dhuʻl-Hijjah 1446 AH
- Reference
- PAY-2024-003-17
Interim payment certificate no. (17)
For the work of June 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 | 7,515,500 |
| 2 | Less: previous certificates | (6,988,000) |
| 3 | Value of work in this certificate | 527,500 |
| 4 | Less: retention (10%) | (52,750) |
| 5 | Less: advance payment recovery (10%) | (52,750) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (105,500) |
| 8 | Net before VAT | 422,000 |
| 9 | Add: value added tax (15%) | 63,300 |
| 10 | Net amount payable to the contractor | 485,300 |
Amount in words: Four hundred eighty-five thousand three hundred Saudi riyals only
Retention held up to this certificate: SAR 751.6K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 1,306,900 | 1,139,900 | 73,850 | 1,213,750 | 93% |
| Earthworks & foundations | 3,360,600 | 1,774,000 | 119,900 | 1,893,900 | 56% |
| Concrete & structural works | 5,787,700 | 2,381,650 | 181,150 | 2,562,800 | 44% |
| Mechanical, electrical & plumbing | 4,480,800 | 1,160,950 | 101,650 | 1,262,600 | 28% |
| Finishes & external works | 2,800,500 | 463,350 | 43,950 | 507,300 | 18% |
| Testing & commissioning | 933,500 | 68,150 | 7,000 | 75,150 | 8% |
| Total | 18,670,000 | 6,988,000 | 527,500 | 7,515,500 | 40% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Samer A. Al-Qahtani
Al-Qahtani2025-06-23
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2025-06-25
Project manager
Eng. Waleed O. Al-Juhani
Al-Juhani2025-06-28
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2025-07-01
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2025-07-04