Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 7
- Date
- 2025-12-27
- Hijri
- 7 Rajab 1447 AH
- Reference
- PAY-2025-003-07
Interim payment certificate no. (7)
For the work of December 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 | 735,500 |
| 2 | Less: previous certificates | (582,500) |
| 3 | Value of work in this certificate | 153,000 |
| 4 | Less: retention (10%) | (15,300) |
| 5 | Less: advance payment recovery (10%) | (15,300) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (30,600) |
| 8 | Net before VAT | 122,400 |
| 9 | Add: value added tax (15%) | 18,360 |
| 10 | Net amount payable to the contractor | 140,760 |
Amount in words: One hundred forty thousand seven hundred sixty Saudi riyals only
Retention held up to this certificate: SAR 73.6K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Analysis & design | 309,000 | 132,000 | 29,800 | 161,800 | 52% |
| Licences & platform | 412,000 | 153,650 | 37,600 | 191,250 | 46% |
| Build & configuration | 618,000 | 173,150 | 47,500 | 220,650 | 36% |
| Systems integration | 309,000 | 68,150 | 20,100 | 88,250 | 29% |
| Testing & acceptance | 206,000 | 33,550 | 10,600 | 44,150 | 21% |
| Training & run | 206,000 | 22,000 | 7,400 | 29,400 | 14% |
| Total | 2,060,000 | 582,500 | 153,000 | 735,500 | 36% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Mona F. Al-Harbi
Al-Harbi2025-12-27
Supervising engineer
Hussam T. Al-Qurashi
Al-Qurashi2025-12-29
Project manager
Dana S. Al-Saleh
Al-Saleh2026-01-01
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2026-01-04
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2026-01-07