Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 28
- Date
- 2026-05-08
- Hijri
- 21 Dhuʻl-Qiʻdah 1447 AH
- Reference
- PAY-2024-003-28
Interim payment certificate no. (28)
For the work of April 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 | 12,379,500 |
| 2 | Less: previous certificates | (12,128,000) |
| 3 | Value of work in this certificate | 251,500 |
| 4 | Less: retention (10%) | (25,150) |
| 5 | Less: advance payment recovery (10%) | (25,150) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (50,300) |
| 8 | Net before VAT | 201,200 |
| 9 | Add: value added tax (15%) | 30,180 |
| 10 | Net amount payable to the contractor | 231,380 |
Amount in words: Two hundred thirty-one thousand three hundred eighty 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 | 1,288,400 | 18,500 | 1,306,900 | 100% |
| Earthworks & foundations | 3,360,600 | 3,307,800 | 52,800 | 3,360,600 | 100% |
| Concrete & structural works | 5,787,700 | 4,577,650 | 95,200 | 4,672,850 | 81% |
| Mechanical, electrical & plumbing | 4,480,800 | 2,024,500 | 55,250 | 2,079,750 | 46% |
| Finishes & external works | 2,800,500 | 810,150 | 25,450 | 835,600 | 30% |
| Testing & commissioning | 933,500 | 119,500 | 4,300 | 123,800 | 13% |
| Total | 18,670,000 | 12,128,000 | 251,500 | 12,379,500 | 66% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Samer A. Al-Qahtani
Al-Qahtani2026-05-08
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2026-05-10
Project manager
Eng. Waleed O. Al-Juhani
Al-Juhani2026-05-13
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2026-05-16
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2026-05-19