Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 8
- Date
- 2024-12-29
- Hijri
- 28 Jumada II 1446 AH
- Reference
- PAY-2024-011-08
Interim payment certificate no. (8)
For the work of December 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 | 5,237,000 |
| 2 | Less: previous certificates | (4,340,500) |
| 3 | Value of work in this certificate | 896,500 |
| 4 | Less: retention (10%) | (89,650) |
| 5 | Less: advance payment recovery (10%) | (89,650) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (179,300) |
| 8 | Net before VAT | 717,200 |
| 9 | Add: value added tax (15%) | 107,580 |
| 10 | Net amount payable to the contractor | 824,780 |
Amount in words: Eight hundred twenty-four thousand seven hundred eighty Saudi riyals only
Retention held up to this certificate: SAR 523.7K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 3,704,750 | 704,700 | 141,150 | 845,850 | 23% |
| Earthworks & foundations | 9,526,500 | 1,098,000 | 221,700 | 1,319,700 | 14% |
| Concrete & structural works | 16,406,750 | 1,479,700 | 306,100 | 1,785,800 | 11% |
| Mechanical, electrical & plumbing | 12,702,000 | 725,000 | 154,800 | 879,800 | 7% |
| Finishes & external works | 7,938,750 | 290,300 | 63,200 | 353,500 | 4% |
| Testing & commissioning | 2,646,250 | 42,800 | 9,550 | 52,350 | 2% |
| Total | 52,925,000 | 4,340,500 | 896,500 | 5,237,000 | 10% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Hamad S. Al-Hajri
Al-Hajri2024-12-29
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2024-12-31
Project manager
Eng. Ahmed Y. Asiri
Asiri2025-01-03
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2025-01-06
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2025-01-09