Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 6
- Date
- 2025-11-10
- Hijri
- 19 Jumada I 1447 AH
- Reference
- PAY-2025-003-06
Interim payment certificate no. (6)
For the work of October 2025
- Contract number
- RC/2025/003
- Supplier-portal reference
- 2503320433
- Contract
- Chamber ERP on Dynamics 365 — supply & implementation
- Contractor
- Integrated Business Systems Co.
- Contractor VAT number
- 310104366820003
- Project
- Chamber ERP on Dynamics 365
- Contract period
- 2025-02-02 — 2026-12-31
- Original contract value
- 2,060,000
- Current contract value
- 2,060,000
- Linked milestone
- Release 1 built · MS-G2 Designs approved
Certificate summary (SAR)
| 1 | Total value of work completed to date | 582,500 |
| 2 | Less: previous certificates | (460,000) |
| 3 | Value of work in this certificate | 122,500 |
| 4 | Less: retention (10%) | (12,250) |
| 5 | Less: advance payment recovery (10%) | (12,250) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (24,500) |
| 8 | Net before VAT | 98,000 |
| 9 | Add: value added tax (15%) | 14,700 |
| 10 | Net amount payable to the contractor | 112,700 |
Amount in words: One hundred twelve thousand seven hundred Saudi riyals only
Retention held up to this certificate: SAR 58.3K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Analysis & design | 309,000 | 103,500 | 24,650 | 128,150 | 41% |
| Licences & platform | 412,000 | 120,900 | 30,550 | 151,450 | 37% |
| Build & configuration | 618,000 | 137,050 | 37,700 | 174,750 | 28% |
| Systems integration | 309,000 | 54,200 | 15,700 | 69,900 | 23% |
| Testing & acceptance | 206,000 | 26,750 | 8,200 | 34,950 | 17% |
| Training & run | 206,000 | 17,600 | 5,700 | 23,300 | 11% |
| Total | 2,060,000 | 460,000 | 122,500 | 582,500 | 28% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Mona F. Al-Harbi
Al-Harbi2025-11-10
Supervising engineer
Hussam T. Al-Qurashi
Al-Qurashi2025-11-12
Project manager
Dana S. Al-Saleh
Al-Saleh2025-11-15
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2025-11-18
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2025-11-21