Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 1
- Date
- 2024-08-15
- Hijri
- 11 Safar 1446 AH
- Reference
- PAY-2024-017-01
Interim payment certificate no. (1)
For the work of July 2024
- Contract number
- RC/2024/017
- Supplier-portal reference
- 2402200225
- Contract
- Chamber investment building — business tower construction
- Contractor
- Al-Bunyan Al-Rasekh Contracting Co.
- Contractor VAT number
- 310102487310003
- Project
- The Chamber’s Investment Building — Business Tower on King Fahd Road
- Contract period
- 2024-07-01 — 2027-05-31
- Original contract value
- 14,900,000
- Current contract value
- 14,900,000
- Linked milestone
- Site handover & mobilisation · MS-G1 Project plan approved
Certificate summary (SAR)
| 1 | Total value of work completed to date | 160,000 |
| 2 | Less: previous certificates | 0 |
| 3 | Value of work in this certificate | 160,000 |
| 4 | Less: retention (10%) | (16,000) |
| 5 | Less: advance payment recovery (10%) | (16,000) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (32,000) |
| 8 | Net before VAT | 128,000 |
| 9 | Add: value added tax (15%) | 19,200 |
| 10 | Net amount payable to the contractor | 147,200 |
Amount in words: One hundred forty-seven thousand two hundred Saudi riyals only
Retention held up to this certificate: SAR 16K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 1,043,000 | 0 | 25,850 | 25,850 | 2% |
| Earthworks & foundations | 2,682,000 | 0 | 40,300 | 40,300 | 2% |
| Concrete & structural works | 4,619,000 | 0 | 54,550 | 54,550 | 1% |
| Mechanical, electrical & plumbing | 3,576,000 | 0 | 26,900 | 26,900 | 1% |
| Finishes & external works | 2,235,000 | 0 | 10,800 | 10,800 | 0% |
| Testing & commissioning | 745,000 | 0 | 1,600 | 1,600 | 0% |
| Total | 14,900,000 | 0 | 160,000 | 160,000 | 1% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Hamad S. Al-Hajri
Al-Hajri2024-08-15
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2024-08-17
Project manager
Eng. Ahmed Y. Asiri
Asiri2024-08-20
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2024-08-23
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2024-08-26