Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 3
- Date
- 2024-07-20
- Hijri
- 14 Muharram 1446 AH
- Reference
- PAY-2024-011-03
Interim payment certificate no. (3)
For the work of June 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
- Earthworks & foundations complete · MS-G2 Designs approved
Certificate summary (SAR)
| 1 | Total value of work completed to date | 1,284,000 |
| 2 | Less: previous certificates | (789,000) |
| 3 | Value of work in this certificate | 495,000 |
| 4 | Less: retention (10%) | (49,500) |
| 5 | Less: advance payment recovery (10%) | (49,500) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (99,000) |
| 8 | Net before VAT | 396,000 |
| 9 | Add: value added tax (15%) | 59,400 |
| 10 | Net amount payable to the contractor | 455,400 |
Amount in words: Four hundred fifty-five thousand four hundred Saudi riyals only
Retention held up to this certificate: SAR 128.4K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 3,704,750 | 127,900 | 79,500 | 207,400 | 6% |
| Earthworks & foundations | 9,526,500 | 199,350 | 124,200 | 323,550 | 3% |
| Concrete & structural works | 16,406,750 | 269,000 | 168,850 | 437,850 | 3% |
| Mechanical, electrical & plumbing | 12,702,000 | 132,000 | 83,700 | 215,700 | 2% |
| Finishes & external works | 7,938,750 | 52,900 | 33,750 | 86,650 | 1% |
| Testing & commissioning | 2,646,250 | 7,850 | 5,000 | 12,850 | 0% |
| Total | 52,925,000 | 789,000 | 495,000 | 1,284,000 | 2% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Hamad S. Al-Hajri
Al-Hajri2024-07-20
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2024-07-22
Project manager
Eng. Ahmed Y. Asiri
Asiri2024-07-25
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2024-07-28
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2024-07-31