Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 12
- Date
- 2026-03-30
- Hijri
- 11 Shawwal 1447 AH
- Reference
- PAY-2024-019-12
Interim payment certificate no. (12)
For the work of March 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 | 3,992,000 |
| 2 | Less: previous certificates | (3,670,000) |
| 3 | Value of work in this certificate | 322,000 |
| 4 | Less: retention (10%) | (32,200) |
| 5 | Less: advance payment recovery (10%) | (32,200) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (64,400) |
| 8 | Net before VAT | 257,600 |
| 9 | Add: value added tax (15%) | 38,640 |
| 10 | Net amount payable to the contractor | 296,240 |
Amount in words: Two hundred ninety-six thousand two hundred forty Saudi riyals only
Retention held up to this certificate: SAR 399.2K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 831,600 | 598,150 | 46,600 | 644,750 | 78% |
| Earthworks & foundations | 2,138,400 | 931,100 | 74,900 | 1,006,000 | 47% |
| Concrete & structural works | 3,682,800 | 1,250,850 | 110,400 | 1,361,250 | 37% |
| Mechanical, electrical & plumbing | 2,851,200 | 610,300 | 60,350 | 670,650 | 24% |
| Finishes & external works | 1,782,000 | 243,700 | 25,750 | 269,450 | 15% |
| Testing & commissioning | 594,000 | 35,900 | 4,000 | 39,900 | 7% |
| Total | 11,880,000 | 3,670,000 | 322,000 | 3,992,000 | 34% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Talal H. Al-Ghamdi
Al-Ghamdi2026-03-30
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2026-04-01
Project manager
Eng. Fahad T. Al-Sulami
Al-Sulami2026-04-04
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2026-04-07
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2026-04-10