Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 25
- Date
- 2026-07-05
- Hijri
- 20 Muharram 1448 AH
- Reference
- PAY-2024-011-25
Interim payment certificate no. (25)
For the work of June 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 | 20,722,500 |
| 2 | Less: previous certificates | (20,309,000) |
| 3 | Value of work in this certificate | 413,500 |
| 4 | Less: retention (10%) | (41,350) |
| 5 | Less: advance payment recovery (10%) | (41,350) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (82,700) |
| 8 | Net before VAT | 330,800 |
| 9 | Add: value added tax (15%) | 49,620 |
| 10 | Net amount payable to the contractor | 380,420 |
Amount in words: Three hundred eighty thousand four hundred twenty Saudi riyals only
Retention held up to this certificate: SAR 2.1M — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 3,704,750 | 3,288,450 | 58,250 | 3,346,700 | 90% |
| Earthworks & foundations | 9,526,500 | 5,127,700 | 94,350 | 5,222,050 | 55% |
| Concrete & structural works | 16,406,750 | 6,924,400 | 141,950 | 7,066,350 | 43% |
| Mechanical, electrical & plumbing | 12,702,000 | 3,402,100 | 79,300 | 3,481,400 | 27% |
| Finishes & external works | 7,938,750 | 1,364,550 | 34,200 | 1,398,750 | 18% |
| Testing & commissioning | 2,646,250 | 201,800 | 5,450 | 207,250 | 8% |
| Total | 52,925,000 | 20,309,000 | 413,500 | 20,722,500 | 39% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Hamad S. Al-Hajri
Al-Hajri2026-07-05
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2026-07-07
Project manager
Eng. Ahmed Y. Asiri
Asiri2026-07-10
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2026-07-13
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2026-07-16