Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 6
- Date
- 2024-10-25
- Hijri
- 22 Rabiʻ II 1446 AH
- Reference
- PAY-2024-011-06
Interim payment certificate no. (6)
For the work of October 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 | 3,390,500 |
| 2 | Less: previous certificates | (2,663,500) |
| 3 | Value of work in this certificate | 727,000 |
| 4 | Less: retention (10%) | (72,700) |
| 5 | Less: advance payment recovery (10%) | (72,700) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (145,400) |
| 8 | Net before VAT | 581,600 |
| 9 | Add: value added tax (15%) | 87,240 |
| 10 | Net amount payable to the contractor | 668,840 |
Amount in words: Six hundred sixty-eight thousand eight hundred forty Saudi riyals only
Retention held up to this certificate: SAR 339.1K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 3,704,750 | 432,050 | 115,550 | 547,600 | 15% |
| Earthworks & foundations | 9,526,500 | 673,350 | 181,050 | 854,400 | 9% |
| Concrete & structural works | 16,406,750 | 908,050 | 248,100 | 1,156,150 | 7% |
| Mechanical, electrical & plumbing | 12,702,000 | 445,300 | 124,300 | 569,600 | 4% |
| Finishes & external works | 7,938,750 | 178,400 | 50,450 | 228,850 | 3% |
| Testing & commissioning | 2,646,250 | 26,350 | 7,550 | 33,900 | 1% |
| Total | 52,925,000 | 2,663,500 | 727,000 | 3,390,500 | 6% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Hamad S. Al-Hajri
Al-Hajri2024-10-25
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2024-10-27
Project manager
Eng. Ahmed Y. Asiri
Asiri2024-10-30
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2024-11-02
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2024-11-05