Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 22
- Date
- 2025-11-15
- Hijri
- 24 Jumada I 1447 AH
- Reference
- PAY-2024-003-22
Interim payment certificate no. (22)
For the work of October 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
- MEP systems installed · MS-G4 Testing & acceptance complete
Certificate summary (SAR)
| 1 | Total value of work completed to date | 10,188,500 |
| 2 | Less: previous certificates | (9,748,500) |
| 3 | Value of work in this certificate | 440,000 |
| 4 | Less: retention (10%) | (44,000) |
| 5 | Less: advance payment recovery (10%) | (44,000) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (88,000) |
| 8 | Net before VAT | 352,000 |
| 9 | Add: value added tax (15%) | 52,800 |
| 10 | Net amount payable to the contractor | 404,800 |
Amount in words: Four hundred four thousand eight hundred Saudi riyals only
Retention held up to this certificate: SAR 1M — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 1,306,900 | 1,262,400 | 44,500 | 1,306,900 | 100% |
| Earthworks & foundations | 3,360,600 | 2,800,150 | 105,900 | 2,906,050 | 86% |
| Concrete & structural works | 5,787,700 | 3,322,850 | 151,450 | 3,474,300 | 60% |
| Mechanical, electrical & plumbing | 4,480,800 | 1,620,750 | 90,900 | 1,711,650 | 38% |
| Finishes & external works | 2,800,500 | 647,100 | 40,600 | 687,700 | 25% |
| Testing & commissioning | 933,500 | 95,250 | 6,650 | 101,900 | 11% |
| Total | 18,670,000 | 9,748,500 | 440,000 | 10,188,500 | 55% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Samer A. Al-Qahtani
Al-Qahtani2025-11-15
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2025-11-17
Project manager
Eng. Waleed O. Al-Juhani
Al-Juhani2025-11-20
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2025-11-23
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2025-11-26