Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 16
- Date
- 2025-09-15
- Hijri
- 23 Rabiʻ I 1447 AH
- Reference
- PAY-2024-011-16
Interim payment certificate no. (16)
For the work of August 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 | 13,836,500 |
| 2 | Less: previous certificates | (12,759,000) |
| 3 | Value of work in this certificate | 1,077,500 |
| 4 | Less: retention (10%) | (107,750) |
| 5 | Less: advance payment recovery (10%) | (107,750) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (215,500) |
| 8 | Net before VAT | 862,000 |
| 9 | Add: value added tax (15%) | 129,300 |
| 10 | Net amount payable to the contractor | 991,300 |
Amount in words: Nine hundred ninety-one thousand three hundred Saudi riyals only
Retention held up to this certificate: SAR 1.4M — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 3,704,750 | 2,073,800 | 160,800 | 2,234,600 | 60% |
| Earthworks & foundations | 9,526,500 | 3,230,450 | 256,350 | 3,486,800 | 37% |
| Concrete & structural works | 16,406,750 | 4,349,350 | 368,900 | 4,718,250 | 29% |
| Mechanical, electrical & plumbing | 12,702,000 | 2,128,300 | 196,250 | 2,324,550 | 18% |
| Finishes & external works | 7,938,750 | 851,450 | 82,500 | 933,950 | 12% |
| Testing & commissioning | 2,646,250 | 125,650 | 12,700 | 138,350 | 5% |
| Total | 52,925,000 | 12,759,000 | 1,077,500 | 13,836,500 | 26% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Hamad S. Al-Hajri
Al-Hajri2025-09-15
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2025-09-17
Project manager
Eng. Ahmed Y. Asiri
Asiri2025-09-20
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2025-09-23
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2025-09-26