Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 8
- Date
- 2026-02-12
- Hijri
- 24 Shaʻban 1447 AH
- Reference
- PAY-2025-003-08
Interim payment certificate no. (8)
For the work of January 2026
- 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
- Integration & UAT · MS-G3 Build complete
Certificate summary (SAR)
| 1 | Total value of work completed to date | 865,500 |
| 2 | Less: previous certificates | (735,500) |
| 3 | Value of work in this certificate | 130,000 |
| 4 | Less: retention (10%) | (13,000) |
| 5 | Less: advance payment recovery (10%) | (13,000) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (26,000) |
| 8 | Net before VAT | 104,000 |
| 9 | Add: value added tax (15%) | 15,600 |
| 10 | Net amount payable to the contractor | 119,600 |
Amount in words: One hundred nineteen thousand six hundred Saudi riyals only
Retention held up to this certificate: SAR 86.6K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Analysis & design | 309,000 | 165,900 | 24,500 | 190,400 | 62% |
| Licences & platform | 412,000 | 193,550 | 31,500 | 225,050 | 55% |
| Build & configuration | 618,000 | 218,950 | 40,700 | 259,650 | 42% |
| Systems integration | 309,000 | 86,400 | 17,450 | 103,850 | 34% |
| Testing & acceptance | 206,000 | 42,650 | 9,300 | 51,950 | 25% |
| Training & run | 206,000 | 28,050 | 6,550 | 34,600 | 17% |
| Total | 2,060,000 | 735,500 | 130,000 | 865,500 | 42% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Mona F. Al-Harbi
Al-Harbi2026-02-12
Supervising engineer
Hussam T. Al-Qurashi
Al-Qurashi2026-02-14
Project manager
Dana S. Al-Saleh
Al-Saleh2026-02-17
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2026-02-20
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2026-02-23