Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 11
- Date
- 2026-02-12
- Hijri
- 24 Shaʻban 1447 AH
- Reference
- PAY-2024-019-11
Interim payment certificate no. (11)
For the work of January 2026
- 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
- Structure complete · MS-G3 Build complete
Certificate summary (SAR)
| 1 | Total value of work completed to date | 3,670,000 |
| 2 | Less: previous certificates | (3,341,500) |
| 3 | Value of work in this certificate | 328,500 |
| 4 | Less: retention (10%) | (32,850) |
| 5 | Less: advance payment recovery (10%) | (32,850) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (65,700) |
| 8 | Net before VAT | 262,800 |
| 9 | Add: value added tax (15%) | 39,420 |
| 10 | Net amount payable to the contractor | 302,220 |
Amount in words: Three hundred two thousand two hundred twenty Saudi riyals only
Retention held up to this certificate: SAR 367K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 831,600 | 544,600 | 48,100 | 592,700 | 71% |
| Earthworks & foundations | 2,138,400 | 847,750 | 77,100 | 924,850 | 43% |
| Concrete & structural works | 3,682,800 | 1,138,900 | 112,550 | 1,251,450 | 34% |
| Mechanical, electrical & plumbing | 2,851,200 | 555,650 | 60,900 | 616,550 | 22% |
| Finishes & external works | 1,782,000 | 221,900 | 25,850 | 247,750 | 14% |
| Testing & commissioning | 594,000 | 32,700 | 4,000 | 36,700 | 6% |
| Total | 11,880,000 | 3,341,500 | 328,500 | 3,670,000 | 31% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Talal H. Al-Ghamdi
Al-Ghamdi2026-02-12
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2026-02-14
Project manager
Eng. Fahad T. Al-Sulami
Al-Sulami2026-02-17
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2026-02-20
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2026-02-23