Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 22
- Date
- 2026-03-29
- Hijri
- 10 Shawwal 1447 AH
- Reference
- PAY-2024-011-22
Interim payment certificate no. (22)
For the work of March 2026
- 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 | 19,118,500 |
| 2 | Less: previous certificates | (18,465,500) |
| 3 | Value of work in this certificate | 653,000 |
| 4 | Less: retention (10%) | (65,300) |
| 5 | Less: advance payment recovery (10%) | (65,300) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (130,600) |
| 8 | Net before VAT | 522,400 |
| 9 | Add: value added tax (15%) | 78,360 |
| 10 | Net amount payable to the contractor | 600,760 |
Amount in words: Six hundred thousand seven hundred sixty Saudi riyals only
Retention held up to this certificate: SAR 1.9M — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 3,704,750 | 2,994,300 | 93,350 | 3,087,650 | 83% |
| Earthworks & foundations | 9,526,500 | 4,667,200 | 150,650 | 4,817,850 | 51% |
| Concrete & structural works | 16,406,750 | 6,295,350 | 224,050 | 6,519,400 | 40% |
| Mechanical, electrical & plumbing | 12,702,000 | 3,088,250 | 123,650 | 3,211,900 | 25% |
| Finishes & external works | 7,938,750 | 1,237,500 | 53,000 | 1,290,500 | 16% |
| Testing & commissioning | 2,646,250 | 182,900 | 8,300 | 191,200 | 7% |
| Total | 52,925,000 | 18,465,500 | 653,000 | 19,118,500 | 36% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Hamad S. Al-Hajri
Al-Hajri2026-03-29
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2026-03-31
Project manager
Eng. Ahmed Y. Asiri
Asiri2026-04-03
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2026-04-06
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2026-04-09