Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 31
- Date
- 2026-08-06
- Hijri
- 23 Safar 1448 AH
- Reference
- PAY-2026-002
Interim payment certificate no. (31)
For the work of July 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 | 13,090,000 |
| 2 | Less: previous certificates | (12,780,000) |
| 3 | Value of work in this certificate | 310,000 |
| 4 | Less: retention (10%) | (31,000) |
| 5 | Less: advance payment recovery (10%) | (31,000) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (62,000) |
| 8 | Net before VAT | 248,000 |
| 9 | Add: value added tax (15%) | 37,200 |
| 10 | Net amount payable to the contractor | 285,200 |
Amount in words: Two hundred eighty-five thousand two hundred Saudi riyals only
Retention held up to this certificate: SAR 1.3M — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 1,306,900 | 1,286,500 | 20,400 | 1,306,900 | 100% |
| Earthworks & foundations | 3,360,600 | 3,301,350 | 59,250 | 3,360,600 | 100% |
| Concrete & structural works | 5,787,700 | 5,085,850 | 123,050 | 5,208,900 | 90% |
| Mechanical, electrical & plumbing | 4,480,800 | 2,129,600 | 69,500 | 2,199,100 | 49% |
| Finishes & external works | 2,800,500 | 851,250 | 32,350 | 883,600 | 32% |
| Testing & commissioning | 933,500 | 125,450 | 5,450 | 130,900 | 14% |
| Total | 18,670,000 | 12,780,000 | 310,000 | 13,090,000 | 70% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Samer A. Al-Qahtani
Al-Qahtani2026-08-06
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2026-08-08
Project manager
Eng. Waleed O. Al-Juhani
Al-Juhani2026-08-11
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2026-08-14
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2026-08-17