Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 24
- Date
- 2026-06-02
- Hijri
- 16 Dhuʻl-Hijjah 1447 AH
- Reference
- PAY-2024-011-24
Interim payment certificate no. (24)
For the work of May 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 | 20,309,000 |
| 2 | Less: previous certificates | (19,759,500) |
| 3 | Value of work in this certificate | 549,500 |
| 4 | Less: retention (10%) | (54,950) |
| 5 | Less: advance payment recovery (10%) | (54,950) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (109,900) |
| 8 | Net before VAT | 439,600 |
| 9 | Add: value added tax (15%) | 65,940 |
| 10 | Net amount payable to the contractor | 505,540 |
Amount in words: Five hundred five thousand five hundred forty 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 | 3,202,250 | 77,700 | 3,279,950 | 89% |
| Earthworks & foundations | 9,526,500 | 4,992,100 | 125,750 | 5,117,850 | 54% |
| Concrete & structural works | 16,406,750 | 6,736,750 | 188,600 | 6,925,350 | 42% |
| Mechanical, electrical & plumbing | 12,702,000 | 3,306,850 | 105,050 | 3,411,900 | 27% |
| Finishes & external works | 7,938,750 | 1,325,600 | 45,250 | 1,370,850 | 17% |
| Testing & commissioning | 2,646,250 | 195,950 | 7,150 | 203,100 | 8% |
| Total | 52,925,000 | 19,759,500 | 549,500 | 20,309,000 | 38% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Hamad S. Al-Hajri
Al-Hajri2026-06-02
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2026-06-04
Project manager
Eng. Ahmed Y. Asiri
Asiri2026-06-07
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2026-06-10
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2026-06-13