Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 17
- Date
- 2025-10-18
- Hijri
- 26 Rabiʻ II 1447 AH
- Reference
- PAY-2024-011-17
Interim payment certificate no. (17)
For the work of September 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 | 14,784,500 |
| 2 | Less: previous certificates | (13,836,500) |
| 3 | Value of work in this certificate | 948,000 |
| 4 | Less: retention (10%) | (94,800) |
| 5 | Less: advance payment recovery (10%) | (94,800) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (189,600) |
| 8 | Net before VAT | 758,400 |
| 9 | Add: value added tax (15%) | 113,760 |
| 10 | Net amount payable to the contractor | 872,160 |
Amount in words: Eight hundred seventy-two thousand one hundred sixty Saudi riyals only
Retention held up to this certificate: SAR 1.5M — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 3,704,750 | 2,247,200 | 140,500 | 2,387,700 | 64% |
| Earthworks & foundations | 9,526,500 | 3,501,300 | 224,400 | 3,725,700 | 39% |
| Concrete & structural works | 16,406,750 | 4,716,800 | 324,700 | 5,041,500 | 31% |
| Mechanical, electrical & plumbing | 12,702,000 | 2,310,000 | 173,800 | 2,483,800 | 20% |
| Finishes & external works | 7,938,750 | 924,650 | 73,300 | 997,950 | 13% |
| Testing & commissioning | 2,646,250 | 136,550 | 11,300 | 147,850 | 6% |
| Total | 52,925,000 | 13,836,500 | 948,000 | 14,784,500 | 28% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Hamad S. Al-Hajri
Al-Hajri2025-10-18
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2025-10-20
Project manager
Eng. Ahmed Y. Asiri
Asiri2025-10-23
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2025-10-26
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2025-10-29