Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 26
- Date
- 2026-08-06
- Hijri
- 23 Safar 1448 AH
- Reference
- PAY-2024-011-26
Interim payment certificate no. (26)
For the work of July 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 | 21,065,000 |
| 2 | Less: previous certificates | (20,722,500) |
| 3 | Value of work in this certificate | 342,500 |
| 4 | Less: retention (10%) | (34,250) |
| 5 | Less: advance payment recovery (10%) | (34,250) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (68,500) |
| 8 | Net before VAT | 274,000 |
| 9 | Add: value added tax (15%) | 41,100 |
| 10 | Net amount payable to the contractor | 315,100 |
Amount in words: Three hundred fifteen thousand one hundred 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 | 3,353,950 | 48,050 | 3,402,000 | 92% |
| Earthworks & foundations | 9,526,500 | 5,230,400 | 78,000 | 5,308,400 | 56% |
| Concrete & structural works | 16,406,750 | 7,065,550 | 117,600 | 7,183,150 | 44% |
| Mechanical, electrical & plumbing | 12,702,000 | 3,473,000 | 65,900 | 3,538,900 | 28% |
| Finishes & external works | 7,938,750 | 1,393,450 | 28,450 | 1,421,900 | 18% |
| Testing & commissioning | 2,646,250 | 206,150 | 4,500 | 210,650 | 8% |
| Total | 52,925,000 | 20,722,500 | 342,500 | 21,065,000 | 40% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Hamad S. Al-Hajri
Al-Hajri2026-08-06
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2026-08-08
Project manager
Eng. Ahmed Y. Asiri
Asiri2026-08-11
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2026-08-14
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2026-08-17