Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 23
- Date
- 2026-05-01
- Hijri
- 14 Dhuʻl-Qiʻdah 1447 AH
- Reference
- PAY-2024-011-23
Interim payment certificate no. (23)
For the work of April 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 | 19,759,500 |
| 2 | Less: previous certificates | (19,118,500) |
| 3 | Value of work in this certificate | 641,000 |
| 4 | Less: retention (10%) | (64,100) |
| 5 | Less: advance payment recovery (10%) | (64,100) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (128,200) |
| 8 | Net before VAT | 512,800 |
| 9 | Add: value added tax (15%) | 76,920 |
| 10 | Net amount payable to the contractor | 589,720 |
Amount in words: Five hundred eighty-nine thousand seven hundred twenty Saudi riyals only
Retention held up to this certificate: SAR 2M — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 3,704,750 | 3,100,050 | 91,100 | 3,191,150 | 86% |
| Earthworks & foundations | 9,526,500 | 4,832,150 | 147,250 | 4,979,400 | 52% |
| Concrete & structural works | 16,406,750 | 6,518,050 | 219,950 | 6,738,000 | 41% |
| Mechanical, electrical & plumbing | 12,702,000 | 3,197,600 | 122,000 | 3,319,600 | 26% |
| Finishes & external works | 7,938,750 | 1,281,300 | 52,450 | 1,333,750 | 17% |
| Testing & commissioning | 2,646,250 | 189,350 | 8,250 | 197,600 | 7% |
| Total | 52,925,000 | 19,118,500 | 641,000 | 19,759,500 | 37% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Hamad S. Al-Hajri
Al-Hajri2026-05-01
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2026-05-03
Project manager
Eng. Ahmed Y. Asiri
Asiri2026-05-06
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2026-05-09
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2026-05-12