Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 18
- Date
- 2025-11-19
- Hijri
- 28 Jumada I 1447 AH
- Reference
- PAY-2024-011-18
Interim payment certificate no. (18)
For the work of October 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 | 15,878,000 |
| 2 | Less: previous certificates | (14,784,500) |
| 3 | Value of work in this certificate | 1,093,500 |
| 4 | Less: retention (10%) | (109,350) |
| 5 | Less: advance payment recovery (10%) | (109,350) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (218,700) |
| 8 | Net before VAT | 874,800 |
| 9 | Add: value added tax (15%) | 131,220 |
| 10 | Net amount payable to the contractor | 1,006,020 |
Amount in words: One million six thousand twenty Saudi riyals only
Retention held up to this certificate: SAR 1.6M — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 3,704,750 | 2,403,600 | 160,700 | 2,564,300 | 69% |
| Earthworks & foundations | 9,526,500 | 3,744,000 | 257,250 | 4,001,250 | 42% |
| Concrete & structural works | 16,406,750 | 5,039,750 | 374,650 | 5,414,400 | 33% |
| Mechanical, electrical & plumbing | 12,702,000 | 2,465,450 | 202,050 | 2,667,500 | 21% |
| Finishes & external works | 7,938,750 | 986,200 | 85,550 | 1,071,750 | 14% |
| Testing & commissioning | 2,646,250 | 145,500 | 13,300 | 158,800 | 6% |
| Total | 52,925,000 | 14,784,500 | 1,093,500 | 15,878,000 | 30% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Hamad S. Al-Hajri
Al-Hajri2025-11-19
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2025-11-21
Project manager
Eng. Ahmed Y. Asiri
Asiri2025-11-24
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2025-11-27
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2025-11-30