Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 1
- Date
- 2024-05-16
- Hijri
- 8 Dhuʻl-Qiʻdah 1445 AH
- Reference
- PAY-2024-011-01
Interim payment certificate no. (1)
For the work of April 2024
- Contract number
- RC/2024/011
- Supplier-portal reference
- 2401780147
- Contract
- New chamber headquarters — construction
- Contractor
- Al-Bunyan Al-Rasekh Contracting Co.
- Contractor VAT number
- 310102487310003
- Project
- The Chamber’s New Headquarters Building
- Contract period
- 2024-04-01 — 2027-06-30
- Original contract value
- 51,000,000
- Current contract value
- 52,925,000including variations of SAR 1.9M
- Linked milestone
- Site handover & mobilisation · MS-G1 Project plan approved
Certificate summary (SAR)
| 1 | Total value of work completed to date | 337,000 |
| 2 | Less: previous certificates | 0 |
| 3 | Value of work in this certificate | 337,000 |
| 4 | Less: retention (10%) | (33,700) |
| 5 | Less: advance payment recovery (10%) | (33,700) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (67,400) |
| 8 | Net before VAT | 269,600 |
| 9 | Add: value added tax (15%) | 40,440 |
| 10 | Net amount payable to the contractor | 310,040 |
Amount in words: Three hundred ten thousand forty Saudi riyals only
Retention held up to this certificate: SAR 33.7K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 3,704,750 | 0 | 54,500 | 54,500 | 1% |
| Earthworks & foundations | 9,526,500 | 0 | 84,900 | 84,900 | 1% |
| Concrete & structural works | 16,406,750 | 0 | 114,900 | 114,900 | 1% |
| Mechanical, electrical & plumbing | 12,702,000 | 0 | 56,600 | 56,600 | 0% |
| Finishes & external works | 7,938,750 | 0 | 22,750 | 22,750 | 0% |
| Testing & commissioning | 2,646,250 | 0 | 3,350 | 3,350 | 0% |
| Total | 52,925,000 | 0 | 337,000 | 337,000 | 1% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Hamad S. Al-Hajri
Al-Hajri2024-05-16
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2024-05-18
Project manager
Eng. Ahmed Y. Asiri
Asiri2024-05-21
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2024-05-24
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2024-05-27