Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 9
- Date
- 2025-01-31
- Hijri
- 1 Shaʻban 1446 AH
- Reference
- PAY-2024-011-09
Interim payment certificate no. (9)
For the work of January 2025
- 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 | 6,181,000 |
| 2 | Less: previous certificates | (5,237,000) |
| 3 | Value of work in this certificate | 944,000 |
| 4 | Less: retention (10%) | (94,400) |
| 5 | Less: advance payment recovery (10%) | (94,400) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (188,800) |
| 8 | Net before VAT | 755,200 |
| 9 | Add: value added tax (15%) | 113,280 |
| 10 | Net amount payable to the contractor | 868,480 |
Amount in words: Eight hundred sixty-eight thousand four hundred eighty Saudi riyals only
Retention held up to this certificate: SAR 618.1K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 3,704,750 | 850,450 | 147,850 | 998,300 | 27% |
| Earthworks & foundations | 9,526,500 | 1,325,000 | 232,600 | 1,557,600 | 16% |
| Concrete & structural works | 16,406,750 | 1,785,300 | 322,400 | 2,107,700 | 13% |
| Mechanical, electrical & plumbing | 12,702,000 | 874,500 | 163,900 | 1,038,400 | 8% |
| Finishes & external works | 7,938,750 | 350,100 | 67,100 | 417,200 | 5% |
| Testing & commissioning | 2,646,250 | 51,650 | 10,150 | 61,800 | 2% |
| Total | 52,925,000 | 5,237,000 | 944,000 | 6,181,000 | 12% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Hamad S. Al-Hajri
Al-Hajri2025-01-31
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2025-02-02
Project manager
Eng. Ahmed Y. Asiri
Asiri2025-02-05
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2025-02-08
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2025-02-11