Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 18
- Date
- 2026-10-05
- Hijri
- 24 Rabiʻ II 1448 AH
- Reference
- PAY-2026-013
Interim payment certificate no. (18)
For the work of September 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 | 6,405,000 |
| 2 | Less: previous certificates | (6,080,000) |
| 3 | Value of work in this certificate | 325,000 |
| 4 | Less: retention (10%) | (32,500) |
| 5 | Less: advance payment recovery (10%) | (32,500) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (65,000) |
| 8 | Net before VAT | 260,000 |
| 9 | Add: value added tax (15%) | 39,000 |
| 10 | Net amount payable to the contractor | 299,000 |
Amount in words: Two hundred ninety-nine thousand Saudi riyals only
Retention held up to this certificate: SAR 640.5K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 1,043,000 | 989,600 | 44,800 | 1,034,400 | 99% |
| Earthworks & foundations | 2,682,000 | 1,540,950 | 73,100 | 1,614,050 | 60% |
| Concrete & structural works | 4,619,000 | 2,072,400 | 111,700 | 2,184,100 | 47% |
| Mechanical, electrical & plumbing | 3,576,000 | 1,012,650 | 63,400 | 1,076,050 | 30% |
| Finishes & external works | 2,235,000 | 404,750 | 27,600 | 432,350 | 19% |
| Testing & commissioning | 745,000 | 59,650 | 4,400 | 64,050 | 9% |
| Total | 14,900,000 | 6,080,000 | 325,000 | 6,405,000 | 43% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Hamad S. Al-Hajri
Al-Hajri2026-10-05
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2026-10-07
Project manager
Eng. Ahmed Y. Asiri
Asiri2026-10-10
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2026-10-13
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2026-10-16