Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 24
- Date
- 2026-01-12
- Hijri
- 23 Rajab 1447 AH
- Reference
- PAY-2024-003-24
Interim payment certificate no. (24)
For the work of December 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 | 11,102,500 |
| 2 | Less: previous certificates | (10,660,000) |
| 3 | Value of work in this certificate | 442,500 |
| 4 | Less: retention (10%) | (44,250) |
| 5 | Less: advance payment recovery (10%) | (44,250) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (88,500) |
| 8 | Net before VAT | 354,000 |
| 9 | Add: value added tax (15%) | 53,100 |
| 10 | Net amount payable to the contractor | 407,100 |
Amount in words: Four hundred seven thousand one hundred 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 | 1,267,500 | 39,400 | 1,306,900 | 100% |
| Earthworks & foundations | 3,360,600 | 3,176,750 | 107,250 | 3,284,000 | 98% |
| Concrete & structural works | 5,787,700 | 3,633,550 | 152,400 | 3,785,950 | 65% |
| Mechanical, electrical & plumbing | 4,480,800 | 1,771,250 | 93,950 | 1,865,200 | 42% |
| Finishes & external works | 2,800,500 | 706,900 | 42,500 | 749,400 | 27% |
| Testing & commissioning | 933,500 | 104,050 | 7,000 | 111,050 | 12% |
| Total | 18,670,000 | 10,660,000 | 442,500 | 11,102,500 | 59% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Samer A. Al-Qahtani
Al-Qahtani2026-01-12
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2026-01-14
Project manager
Eng. Waleed O. Al-Juhani
Al-Juhani2026-01-17
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2026-01-20
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2026-01-23