Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 2
- Date
- 2024-09-02
- Hijri
- 29 Safar 1446 AH
- Reference
- PAY-2024-012-02
Interim payment certificate no. (2)
For the work of August 2024
- Contract number
- RC/2024/012
- Supplier-portal reference
- 2401850160
- Contract
- HR self-service implementation
- Contractor
- Integrated Business Systems Co.
- Contractor VAT number
- 310104366820003
- Project
- HR Self-Service
- Contract period
- 2024-06-02 — 2025-09-30
- Original contract value
- 440,000
- Current contract value
- 440,000
- Linked milestone
- Design approved · MS-G1 Project plan approved
Certificate summary (SAR)
| 1 | Total value of work completed to date | 53,000 |
| 2 | Less: previous certificates | (20,000) |
| 3 | Value of work in this certificate | 33,000 |
| 4 | Less: retention (5%) | (1,650) |
| 5 | Less: advance payment recovery (10%) | (3,300) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (4,950) |
| 8 | Net before VAT | 28,050 |
| 9 | Add: value added tax (15%) | 4,208 |
| 10 | Net amount payable to the contractor | 32,258 |
Amount in words: Thirty-two thousand two hundred fifty-eight Saudi riyals only
Retention held up to this certificate: SAR 2,650 — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Analysis & design | 66,000 | 4,650 | 7,000 | 11,650 | 18% |
| Licences & platform | 88,000 | 5,350 | 8,450 | 13,800 | 16% |
| Build & configuration | 132,000 | 5,900 | 10,000 | 15,900 | 12% |
| Systems integration | 66,000 | 2,300 | 4,050 | 6,350 | 10% |
| Testing & acceptance | 44,000 | 1,100 | 2,100 | 3,200 | 7% |
| Training & run | 44,000 | 700 | 1,400 | 2,100 | 5% |
| Total | 440,000 | 20,000 | 33,000 | 53,000 | 12% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Mona F. Al-Harbi
Al-Harbi2024-09-02
Supervising engineer
Hussam T. Al-Qurashi
Al-Qurashi2024-09-04
Project manager
Dana S. Al-Saleh
Al-Saleh2024-09-07
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2024-09-10
Final approver
Munirah A. Al-Khalidi
Al-Khalidi2024-09-13