Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 27
- Date
- 2026-04-09
- Hijri
- 21 Shawwal 1447 AH
- Reference
- PAY-2024-003-27
Interim payment certificate no. (27)
For the work of March 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 | 12,128,000 |
| 2 | Less: previous certificates | (11,825,000) |
| 3 | Value of work in this certificate | 303,000 |
| 4 | Less: retention (10%) | (30,300) |
| 5 | Less: advance payment recovery (10%) | (30,300) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (60,600) |
| 8 | Net before VAT | 242,400 |
| 9 | Add: value added tax (15%) | 36,360 |
| 10 | Net amount payable to the contractor | 278,760 |
Amount in words: Two hundred seventy-eight thousand seven hundred sixty 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 | 1,283,750 | 23,150 | 1,306,900 | 100% |
| Earthworks & foundations | 3,360,600 | 3,294,800 | 65,800 | 3,360,600 | 100% |
| Concrete & structural works | 5,787,700 | 4,370,550 | 112,500 | 4,483,050 | 77% |
| Mechanical, electrical & plumbing | 4,480,800 | 1,971,350 | 66,150 | 2,037,500 | 45% |
| Finishes & external works | 2,800,500 | 788,300 | 30,350 | 818,650 | 29% |
| Testing & commissioning | 933,500 | 116,250 | 5,050 | 121,300 | 13% |
| Total | 18,670,000 | 11,825,000 | 303,000 | 12,128,000 | 65% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Samer A. Al-Qahtani
Al-Qahtani2026-04-09
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2026-04-11
Project manager
Eng. Waleed O. Al-Juhani
Al-Juhani2026-04-14
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2026-04-17
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2026-04-20