Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 19
- Date
- 2025-12-22
- Hijri
- 2 Rajab 1447 AH
- Reference
- PAY-2024-011-19
Interim payment certificate no. (19)
For the work of December 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 | 16,760,000 |
| 2 | Less: previous certificates | (15,878,000) |
| 3 | Value of work in this certificate | 882,000 |
| 4 | Less: retention (10%) | (88,200) |
| 5 | Less: advance payment recovery (10%) | (88,200) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (176,400) |
| 8 | Net before VAT | 705,600 |
| 9 | Add: value added tax (15%) | 105,840 |
| 10 | Net amount payable to the contractor | 811,440 |
Amount in words: Eight hundred eleven thousand four hundred forty Saudi riyals only
Retention held up to this certificate: SAR 1.7M — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 3,704,750 | 2,578,050 | 128,700 | 2,706,750 | 73% |
| Earthworks & foundations | 9,526,500 | 4,017,050 | 206,450 | 4,223,500 | 44% |
| Concrete & structural works | 16,406,750 | 5,412,850 | 302,300 | 5,715,150 | 35% |
| Mechanical, electrical & plumbing | 12,702,000 | 2,651,700 | 164,000 | 2,815,700 | 22% |
| Finishes & external works | 7,938,750 | 1,061,600 | 69,700 | 1,131,300 | 14% |
| Testing & commissioning | 2,646,250 | 156,750 | 10,850 | 167,600 | 6% |
| Total | 52,925,000 | 15,878,000 | 882,000 | 16,760,000 | 32% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Hamad S. Al-Hajri
Al-Hajri2025-12-22
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2025-12-24
Project manager
Eng. Ahmed Y. Asiri
Asiri2025-12-27
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2025-12-30
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2026-01-02