Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 13
- Date
- 2025-06-10
- Hijri
- 14 Dhuʻl-Hijjah 1446 AH
- Reference
- PAY-2024-011-13
Interim payment certificate no. (13)
For the work of May 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
- Structure complete · MS-G3 Build complete
Certificate summary (SAR)
| 1 | Total value of work completed to date | 10,595,000 |
| 2 | Less: previous certificates | (9,411,500) |
| 3 | Value of work in this certificate | 1,183,500 |
| 4 | Less: retention (10%) | (118,350) |
| 5 | Less: advance payment recovery (10%) | (118,350) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (236,700) |
| 8 | Net before VAT | 946,800 |
| 9 | Add: value added tax (15%) | 142,020 |
| 10 | Net amount payable to the contractor | 1,088,820 |
Amount in words: One million eighty-eight thousand eight hundred twenty Saudi riyals only
Retention held up to this certificate: SAR 1.1M — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 3,704,750 | 1,530,550 | 180,550 | 1,711,100 | 46% |
| Earthworks & foundations | 9,526,500 | 2,383,850 | 286,100 | 2,669,950 | 28% |
| Concrete & structural works | 16,406,750 | 3,208,150 | 404,750 | 3,612,900 | 22% |
| Mechanical, electrical & plumbing | 12,702,000 | 1,568,950 | 211,000 | 1,779,950 | 14% |
| Finishes & external works | 7,938,750 | 627,500 | 87,650 | 715,150 | 9% |
| Testing & commissioning | 2,646,250 | 92,500 | 13,450 | 105,950 | 4% |
| Total | 52,925,000 | 9,411,500 | 1,183,500 | 10,595,000 | 20% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Hamad S. Al-Hajri
Al-Hajri2025-06-10
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2025-06-12
Project manager
Eng. Ahmed Y. Asiri
Asiri2025-06-15
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2025-06-18
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2025-06-21