Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 10
- Date
- 2025-03-04
- Hijri
- 4 Ramadan 1446 AH
- Reference
- PAY-2024-011-10
Interim payment certificate no. (10)
For the work of February 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 | 7,325,000 |
| 2 | Less: previous certificates | (6,181,000) |
| 3 | Value of work in this certificate | 1,144,000 |
| 4 | Less: retention (10%) | (114,400) |
| 5 | Less: advance payment recovery (10%) | (114,400) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (228,800) |
| 8 | Net before VAT | 915,200 |
| 9 | Add: value added tax (15%) | 137,280 |
| 10 | Net amount payable to the contractor | 1,052,480 |
Amount in words: One million fifty-two thousand four hundred eighty Saudi riyals only
Retention held up to this certificate: SAR 732.5K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 3,704,750 | 1,004,900 | 178,050 | 1,182,950 | 32% |
| Earthworks & foundations | 9,526,500 | 1,565,350 | 280,550 | 1,845,900 | 19% |
| Concrete & structural works | 16,406,750 | 2,107,000 | 390,850 | 2,497,850 | 15% |
| Mechanical, electrical & plumbing | 12,702,000 | 1,030,650 | 199,950 | 1,230,600 | 10% |
| Finishes & external works | 7,938,750 | 412,250 | 82,200 | 494,450 | 6% |
| Testing & commissioning | 2,646,250 | 60,850 | 12,400 | 73,250 | 3% |
| Total | 52,925,000 | 6,181,000 | 1,144,000 | 7,325,000 | 14% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Hamad S. Al-Hajri
Al-Hajri2025-03-04
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2025-03-06
Project manager
Eng. Ahmed Y. Asiri
Asiri2025-03-09
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2025-03-12
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2025-03-15