Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 11
- Date
- 2026-07-04
- Hijri
- 19 Muharram 1448 AH
- Reference
- PAY-2025-003-11
Interim payment certificate no. (11)
For the work of June 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 | 1,197,500 |
| 2 | Less: previous certificates | (1,110,500) |
| 3 | Value of work in this certificate | 87,000 |
| 4 | Less: retention (10%) | (8,700) |
| 5 | Less: advance payment recovery (10%) | (8,700) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (17,400) |
| 8 | Net before VAT | 69,600 |
| 9 | Add: value added tax (15%) | 10,440 |
| 10 | Net amount payable to the contractor | 80,040 |
Amount in words: Eighty thousand forty Saudi riyals only
Retention held up to this certificate: SAR 119.8K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Analysis & design | 309,000 | 248,800 | 14,650 | 263,450 | 85% |
| Licences & platform | 412,000 | 291,250 | 20,100 | 311,350 | 76% |
| Build & configuration | 618,000 | 331,300 | 27,950 | 359,250 | 58% |
| Systems integration | 309,000 | 131,250 | 12,450 | 143,700 | 47% |
| Testing & acceptance | 206,000 | 65,000 | 6,850 | 71,850 | 35% |
| Training & run | 206,000 | 42,900 | 5,000 | 47,900 | 23% |
| Total | 2,060,000 | 1,110,500 | 87,000 | 1,197,500 | 58% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Mona F. Al-Harbi
Al-Harbi2026-07-04
Supervising engineer
Hussam T. Al-Qurashi
Al-Qurashi2026-07-06
Project manager
Dana S. Al-Saleh
Al-Saleh2026-07-09
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2026-07-12
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2026-07-15