Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 1
- Date
- 2024-11-15
- Hijri
- 13 Jumada I 1446 AH
- Reference
- PAY-2024-019-01
Interim payment certificate no. (1)
For the work of October 2024
- Contract number
- RC/2024/019
- Supplier-portal reference
- 2402340251
- Contract
- Second Industrial City branch — civil & ground-improvement works
- Contractor
- Coastline Contracting & Development Co.
- Contractor VAT number
- 340303951060003
- Project
- Chamber Branch & Manufacturers’ Service Centre — Second Industrial City
- Contract period
- 2024-10-01 — 2027-03-31
- Original contract value
- 11,400,000
- Current contract value
- 11,880,000including variations of SAR 480K
- Linked milestone
- Site handover & mobilisation · MS-G1 Project plan approved
Certificate summary (SAR)
| 1 | Total value of work completed to date | 141,500 |
| 2 | Less: previous certificates | 0 |
| 3 | Value of work in this certificate | 141,500 |
| 4 | Less: retention (10%) | (14,150) |
| 5 | Less: advance payment recovery (10%) | (14,150) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (28,300) |
| 8 | Net before VAT | 113,200 |
| 9 | Add: value added tax (15%) | 16,980 |
| 10 | Net amount payable to the contractor | 130,180 |
Amount in words: One hundred thirty thousand one hundred eighty Saudi riyals only
Retention held up to this certificate: SAR 14.2K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 831,600 | 0 | 22,900 | 22,900 | 3% |
| Earthworks & foundations | 2,138,400 | 0 | 35,650 | 35,650 | 2% |
| Concrete & structural works | 3,682,800 | 0 | 48,250 | 48,250 | 1% |
| Mechanical, electrical & plumbing | 2,851,200 | 0 | 23,750 | 23,750 | 1% |
| Finishes & external works | 1,782,000 | 0 | 9,550 | 9,550 | 1% |
| Testing & commissioning | 594,000 | 0 | 1,400 | 1,400 | 0% |
| Total | 11,880,000 | 0 | 141,500 | 141,500 | 1% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Talal H. Al-Ghamdi
Al-Ghamdi2024-11-15
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2024-11-17
Project manager
Eng. Fahad T. Al-Sulami
Al-Sulami2024-11-20
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2024-11-23
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2024-11-26