Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 27
- Date
- 2026-09-07
- Hijri
- 25 Rabiʻ I 1448 AH
- Reference
- PAY-2026-005
Interim payment certificate no. (27)
For the work of August 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 | 21,910,000 |
| 2 | Less: previous certificates | (21,065,000) |
| 3 | Value of work in this certificate | 845,000 |
| 4 | Less: retention (10%) | (84,500) |
| 5 | Less: advance payment recovery (10%) | (84,500) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (169,000) |
| 8 | Net before VAT | 676,000 |
| 9 | Add: value added tax (15%) | 101,400 |
| 10 | Net amount payable to the contractor | 777,400 |
Amount in words: Seven hundred seventy-seven thousand four hundred Saudi riyals only
Retention held up to this certificate: SAR 2.2M — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 3,704,750 | 3,420,850 | 117,600 | 3,538,450 | 96% |
| Earthworks & foundations | 9,526,500 | 5,330,050 | 191,250 | 5,521,300 | 58% |
| Concrete & structural works | 16,406,750 | 7,181,050 | 290,250 | 7,471,300 | 46% |
| Mechanical, electrical & plumbing | 12,702,000 | 3,517,200 | 163,700 | 3,680,900 | 29% |
| Finishes & external works | 7,938,750 | 1,408,000 | 70,950 | 1,478,950 | 19% |
| Testing & commissioning | 2,646,250 | 207,850 | 11,250 | 219,100 | 8% |
| Total | 52,925,000 | 21,065,000 | 845,000 | 21,910,000 | 41% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Hamad S. Al-Hajri
Al-Hajri2026-09-07
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2026-09-09
Project manager
Eng. Ahmed Y. Asiri
Asiri2026-09-12
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2026-09-15
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2026-09-18