Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 23
- Date
- 2025-12-14
- Hijri
- 23 Jumada II 1447 AH
- Reference
- PAY-2024-003-23
Interim payment certificate no. (23)
For the work of November 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 | 10,660,000 |
| 2 | Less: previous certificates | (10,188,500) |
| 3 | Value of work in this certificate | 471,500 |
| 4 | Less: retention (10%) | (47,150) |
| 5 | Less: advance payment recovery (10%) | (47,150) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (94,300) |
| 8 | Net before VAT | 377,200 |
| 9 | Add: value added tax (15%) | 56,580 |
| 10 | Net amount payable to the contractor | 433,780 |
Amount in words: Four hundred thirty-three thousand seven hundred eighty Saudi riyals only
Retention held up to this certificate: SAR 1.1M — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 1,306,900 | 1,262,250 | 44,650 | 1,306,900 | 100% |
| Earthworks & foundations | 3,360,600 | 2,986,950 | 114,050 | 3,101,000 | 92% |
| Concrete & structural works | 5,787,700 | 3,472,700 | 162,350 | 3,635,050 | 63% |
| Mechanical, electrical & plumbing | 4,480,800 | 1,692,150 | 98,750 | 1,790,900 | 40% |
| Finishes & external works | 2,800,500 | 675,150 | 44,400 | 719,550 | 26% |
| Testing & commissioning | 933,500 | 99,300 | 7,300 | 106,600 | 11% |
| Total | 18,670,000 | 10,188,500 | 471,500 | 10,660,000 | 57% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Samer A. Al-Qahtani
Al-Qahtani2025-12-14
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2025-12-16
Project manager
Eng. Waleed O. Al-Juhani
Al-Juhani2025-12-19
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2025-12-22
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2025-12-25