Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 13
- Date
- 2026-02-28
- Hijri
- 11 Ramadan 1447 AH
- Reference
- PAY-2024-017-13
Interim payment certificate no. (13)
For the work of February 2026
- 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
- Structure complete · MS-G3 Build complete
Certificate summary (SAR)
| 1 | Total value of work completed to date | 5,080,000 |
| 2 | Less: previous certificates | (4,660,500) |
| 3 | Value of work in this certificate | 419,500 |
| 4 | Less: retention (10%) | (41,950) |
| 5 | Less: advance payment recovery (10%) | (41,950) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (83,900) |
| 8 | Net before VAT | 335,600 |
| 9 | Add: value added tax (15%) | 50,340 |
| 10 | Net amount payable to the contractor | 385,940 |
Amount in words: Three hundred eighty-five thousand nine hundred forty Saudi riyals only
Retention held up to this certificate: SAR 508K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 1,043,000 | 759,850 | 60,550 | 820,400 | 79% |
| Earthworks & foundations | 2,682,000 | 1,182,700 | 97,450 | 1,280,150 | 48% |
| Concrete & structural works | 4,619,000 | 1,588,450 | 143,850 | 1,732,300 | 38% |
| Mechanical, electrical & plumbing | 3,576,000 | 774,700 | 78,750 | 853,450 | 24% |
| Finishes & external works | 2,235,000 | 309,250 | 33,650 | 342,900 | 15% |
| Testing & commissioning | 745,000 | 45,550 | 5,250 | 50,800 | 7% |
| Total | 14,900,000 | 4,660,500 | 419,500 | 5,080,000 | 34% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Hamad S. Al-Hajri
Al-Hajri2026-02-28
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2026-03-02
Project manager
Eng. Ahmed Y. Asiri
Asiri2026-03-05
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2026-03-08
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2026-03-11