Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 4
- Date
- 2025-03-17
- Hijri
- 17 Ramadan 1446 AH
- Reference
- PAY-2024-022-04
Interim payment certificate no. (4)
For the work of February 2025
- Contract number
- RC/2024/022
- Supplier-portal reference
- 2402550290
- Contract
- Business Centre (Exit 6) branch — rehabilitation works
- Contractor
- United Buildings & Operations Co.
- Contractor VAT number
- 320510488360003
- Project
- Business Centre (Exit 6) Branch Rehabilitation
- Contract period
- 2024-11-03 — 2026-10-31
- Original contract value
- 2,800,000
- Current contract value
- 2,800,000
- Linked milestone
- Earthworks & foundations complete · MS-G2 Designs approved
Certificate summary (SAR)
| 1 | Total value of work completed to date | 361,500 |
| 2 | Less: previous certificates | (234,500) |
| 3 | Value of work in this certificate | 127,000 |
| 4 | Less: retention (10%) | (12,700) |
| 5 | Less: advance payment recovery (10%) | (12,700) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (25,400) |
| 8 | Net before VAT | 101,600 |
| 9 | Add: value added tax (15%) | 15,240 |
| 10 | Net amount payable to the contractor | 116,840 |
Amount in words: One hundred sixteen thousand eight hundred forty Saudi riyals only
Retention held up to this certificate: SAR 36.2K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 196,000 | 38,550 | 19,850 | 58,400 | 30% |
| Earthworks & foundations | 504,000 | 59,900 | 31,200 | 91,100 | 18% |
| Concrete & structural works | 868,000 | 79,850 | 43,400 | 123,250 | 14% |
| Mechanical, electrical & plumbing | 672,000 | 38,600 | 22,150 | 60,750 | 9% |
| Finishes & external works | 420,000 | 15,300 | 9,100 | 24,400 | 6% |
| Testing & commissioning | 140,000 | 2,300 | 1,300 | 3,600 | 3% |
| Total | 2,800,000 | 234,500 | 127,000 | 361,500 | 13% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Samer A. Al-Qahtani
Al-Qahtani2025-03-17
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2025-03-19
Project manager
Eng. Waleed O. Al-Juhani
Al-Juhani2025-03-22
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2025-03-25
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2025-03-28