Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 17
- Date
- 2026-10-14
- Hijri
- 3 Jumada I 1448 AH
- Reference
- PAY-2026-020
Interim payment certificate no. (17)
For the work of September 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 | 5,215,000 |
| 2 | Less: previous certificates | (4,920,000) |
| 3 | Value of work in this certificate | 295,000 |
| 4 | Less: retention (10%) | (29,500) |
| 5 | Less: advance payment recovery (10%) | (29,500) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (59,000) |
| 8 | Net before VAT | 236,000 |
| 9 | Add: value added tax (15%) | 35,400 |
| 10 | Net amount payable to the contractor | 271,400 |
Amount in words: Two hundred seventy-one thousand four hundred Saudi riyals only
Retention held up to this certificate: SAR 521.5K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 831,600 | 791,650 | 39,950 | 831,600 | 100% |
| Earthworks & foundations | 2,138,400 | 1,258,200 | 66,650 | 1,324,850 | 62% |
| Concrete & structural works | 3,682,800 | 1,676,900 | 101,400 | 1,778,300 | 48% |
| Mechanical, electrical & plumbing | 2,851,200 | 818,300 | 57,800 | 876,100 | 31% |
| Finishes & external works | 1,782,000 | 326,800 | 25,200 | 352,000 | 20% |
| Testing & commissioning | 594,000 | 48,150 | 4,000 | 52,150 | 9% |
| Total | 11,880,000 | 4,920,000 | 295,000 | 5,215,000 | 44% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Talal H. Al-Ghamdi
Al-Ghamdi2026-10-14
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Awaiting signature
Project manager
Eng. Fahad T. Al-Sulami
Later
Finance & contracts
Khalid N. Al-Mutairi
Later
Final approver
Dr. Abdullah S. Al-Qahtani
Later