Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 15
- Date
- 2025-08-14
- Hijri
- 20 Safar 1447 AH
- Reference
- PAY-2024-011-15
Interim payment certificate no. (15)
For the work of July 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 | 12,759,000 |
| 2 | Less: previous certificates | (11,579,000) |
| 3 | Value of work in this certificate | 1,180,000 |
| 4 | Less: retention (10%) | (118,000) |
| 5 | Less: advance payment recovery (10%) | (118,000) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (236,000) |
| 8 | Net before VAT | 944,000 |
| 9 | Add: value added tax (15%) | 141,600 |
| 10 | Net amount payable to the contractor | 1,085,600 |
Amount in words: One million eighty-five thousand six hundred Saudi riyals only
Retention held up to this certificate: SAR 1.3M — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 3,704,750 | 1,883,150 | 177,450 | 2,060,600 | 56% |
| Earthworks & foundations | 9,526,500 | 2,933,000 | 282,250 | 3,215,250 | 34% |
| Concrete & structural works | 16,406,750 | 3,946,950 | 403,850 | 4,350,800 | 27% |
| Mechanical, electrical & plumbing | 12,702,000 | 1,930,150 | 213,350 | 2,143,500 | 17% |
| Finishes & external works | 7,938,750 | 771,900 | 89,350 | 861,250 | 11% |
| Testing & commissioning | 2,646,250 | 113,850 | 13,750 | 127,600 | 5% |
| Total | 52,925,000 | 11,579,000 | 1,180,000 | 12,759,000 | 24% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Hamad S. Al-Hajri
Al-Hajri2025-08-14
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2025-08-16
Project manager
Eng. Ahmed Y. Asiri
Asiri2025-08-19
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2025-08-22
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2025-08-25