Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 16
- Date
- 2026-03-09
- Hijri
- 20 Ramadan 1447 AH
- Reference
- PAY-2024-022-16
Interim payment certificate no. (16)
For the work of February 2026
- 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
- MEP systems installed · MS-G4 Testing & acceptance complete
Certificate summary (SAR)
| 1 | Total value of work completed to date | 2,282,500 |
| 2 | Less: previous certificates | (2,161,500) |
| 3 | Value of work in this certificate | 121,000 |
| 4 | Less: retention (10%) | (12,100) |
| 5 | Less: advance payment recovery (10%) | (12,100) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (24,200) |
| 8 | Net before VAT | 96,800 |
| 9 | Add: value added tax (15%) | 14,520 |
| 10 | Net amount payable to the contractor | 111,320 |
Amount in words: One hundred eleven thousand three hundred twenty Saudi riyals only
Retention held up to this certificate: SAR 228.3K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 196,000 | 190,700 | 5,300 | 196,000 | 100% |
| Earthworks & foundations | 504,000 | 487,450 | 16,550 | 504,000 | 100% |
| Concrete & structural works | 868,000 | 824,350 | 43,650 | 868,000 | 100% |
| Mechanical, electrical & plumbing | 672,000 | 498,000 | 39,600 | 537,600 | 80% |
| Finishes & external works | 420,000 | 140,450 | 13,600 | 154,050 | 37% |
| Testing & commissioning | 140,000 | 20,550 | 2,300 | 22,850 | 16% |
| Total | 2,800,000 | 2,161,500 | 121,000 | 2,282,500 | 82% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Samer A. Al-Qahtani
Al-Qahtani2026-03-09
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2026-03-11
Project manager
Eng. Waleed O. Al-Juhani
Al-Juhani2026-03-14
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2026-03-17
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2026-03-20