Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 4
- Date
- 2025-01-02
- Hijri
- 2 Rajab 1446 AH
- Reference
- PAY-2024-017-04
Interim payment certificate no. (4)
For the work of December 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
- Earthworks & foundations complete · MS-G2 Designs approved
Certificate summary (SAR)
| 1 | Total value of work completed to date | 1,025,000 |
| 2 | Less: previous certificates | (661,000) |
| 3 | Value of work in this certificate | 364,000 |
| 4 | Less: retention (10%) | (36,400) |
| 5 | Less: advance payment recovery (10%) | (36,400) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (72,800) |
| 8 | Net before VAT | 291,200 |
| 9 | Add: value added tax (15%) | 43,680 |
| 10 | Net amount payable to the contractor | 334,880 |
Amount in words: Three hundred thirty-four thousand eight hundred eighty Saudi riyals only
Retention held up to this certificate: SAR 102.5K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 1,043,000 | 107,750 | 57,750 | 165,500 | 16% |
| Earthworks & foundations | 2,682,000 | 167,750 | 90,550 | 258,300 | 10% |
| Concrete & structural works | 4,619,000 | 225,300 | 124,250 | 349,550 | 8% |
| Mechanical, electrical & plumbing | 3,576,000 | 109,900 | 62,300 | 172,200 | 5% |
| Finishes & external works | 2,235,000 | 43,900 | 25,300 | 69,200 | 3% |
| Testing & commissioning | 745,000 | 6,400 | 3,850 | 10,250 | 1% |
| Total | 14,900,000 | 661,000 | 364,000 | 1,025,000 | 7% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Hamad S. Al-Hajri
Al-Hajri2025-01-02
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2025-01-04
Project manager
Eng. Ahmed Y. Asiri
Asiri2025-01-07
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2025-01-10
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2025-01-13