Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 26
- Date
- 2026-03-11
- Hijri
- 22 Ramadan 1447 AH
- Reference
- PAY-2024-003-26
Interim payment certificate no. (26)
For the work of February 2026
- 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 | 11,825,000 |
| 2 | Less: previous certificates | (11,454,000) |
| 3 | Value of work in this certificate | 371,000 |
| 4 | Less: retention (10%) | (37,100) |
| 5 | Less: advance payment recovery (10%) | (37,100) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (74,200) |
| 8 | Net before VAT | 296,800 |
| 9 | Add: value added tax (15%) | 44,520 |
| 10 | Net amount payable to the contractor | 341,320 |
Amount in words: Three hundred forty-one thousand three hundred twenty Saudi riyals only
Retention held up to this certificate: SAR 1.2M — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 1,306,900 | 1,277,200 | 29,700 | 1,306,900 | 100% |
| Earthworks & foundations | 3,360,600 | 3,276,800 | 83,800 | 3,360,600 | 100% |
| Concrete & structural works | 5,787,700 | 4,120,100 | 134,350 | 4,254,450 | 74% |
| Mechanical, electrical & plumbing | 4,480,800 | 1,906,250 | 80,350 | 1,986,600 | 44% |
| Finishes & external works | 2,800,500 | 761,500 | 36,700 | 798,200 | 29% |
| Testing & commissioning | 933,500 | 112,150 | 6,100 | 118,250 | 13% |
| Total | 18,670,000 | 11,454,000 | 371,000 | 11,825,000 | 63% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Samer A. Al-Qahtani
Al-Qahtani2026-03-11
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2026-03-13
Project manager
Eng. Waleed O. Al-Juhani
Al-Juhani2026-03-16
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2026-03-19
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2026-03-22