Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 33
- Date
- 2026-10-08
- Hijri
- 27 Rabiʻ II 1448 AH
- Reference
- PAY-2026-017
Interim payment certificate no. (33)
For the work of September 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 | 13,715,000 |
| 2 | Less: previous certificates | (13,445,000) |
| 3 | Value of work in this certificate | 270,000 |
| 4 | Less: retention (10%) | (27,000) |
| 5 | Less: advance payment recovery (10%) | (27,000) |
| 6 | Less: delay and breach penalties | (19,000) |
| 7 | Total deductions | (73,000) |
| 8 | Net before VAT | 197,000 |
| 9 | Add: value added tax (15%) | 29,550 |
| 10 | Net amount payable to the contractor | 226,550 |
Amount in words: Two hundred twenty-six thousand five hundred fifty Saudi riyals only
Retention held up to this certificate: SAR 1.4M — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 1,306,900 | 1,290,850 | 16,050 | 1,306,900 | 100% |
| Earthworks & foundations | 3,360,600 | 3,313,200 | 47,400 | 3,360,600 | 100% |
| Concrete & structural works | 5,787,700 | 5,569,550 | 110,950 | 5,680,500 | 98% |
| Mechanical, electrical & plumbing | 4,480,800 | 2,242,400 | 61,700 | 2,304,100 | 51% |
| Finishes & external works | 2,800,500 | 896,750 | 29,000 | 925,750 | 33% |
| Testing & commissioning | 933,500 | 132,250 | 4,900 | 137,150 | 15% |
| Total | 18,670,000 | 13,445,000 | 270,000 | 13,715,000 | 73% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Samer A. Al-Qahtani
Al-Qahtani2026-10-08
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Returned
Project manager
Eng. Waleed O. Al-Juhani
Later
Finance & contracts
Khalid N. Al-Mutairi
Later
Final approver
Dr. Abdullah S. Al-Qahtani
Later