Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 1
- Date
- 2025-04-16
- Hijri
- 18 Shawwal 1446 AH
- Reference
- PAY-2025-004-01
Interim payment certificate no. (1)
For the work of March 2025
- Contract number
- RC/2025/004
- Supplier-portal reference
- 2503390446
- Contract
- Cybersecurity programme & SOC delivery
- Contractor
- Cyber Shield Co.
- Contractor VAT number
- 310108124570003
- Project
- Chamber Cybersecurity Programme
- Contract period
- 2025-03-02 — 2026-12-15
- Original contract value
- 1,575,000
- Current contract value
- 1,575,000
- Linked milestone
- Inception & requirements · MS-G1 Project plan approved
Certificate summary (SAR)
| 1 | Total value of work completed to date | 101,500 |
| 2 | Less: previous certificates | 0 |
| 3 | Value of work in this certificate | 101,500 |
| 4 | Less: retention (5%) | (5,075) |
| 5 | Less: advance payment recovery (10%) | (10,150) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (15,225) |
| 8 | Net before VAT | 86,275 |
| 9 | Add: value added tax (15%) | 12,941 |
| 10 | Net amount payable to the contractor | 99,216 |
Amount in words: Ninety-nine thousand two hundred sixteen Saudi riyals only
Retention held up to this certificate: SAR 5,075 — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Analysis & design | 236,250 | 0 | 22,300 | 22,300 | 9% |
| Licences & platform | 315,000 | 0 | 26,400 | 26,400 | 8% |
| Build & configuration | 472,500 | 0 | 30,450 | 30,450 | 6% |
| Systems integration | 236,250 | 0 | 12,200 | 12,200 | 5% |
| Testing & acceptance | 157,500 | 0 | 6,100 | 6,100 | 4% |
| Training & run | 157,500 | 0 | 4,050 | 4,050 | 3% |
| Total | 1,575,000 | 0 | 101,500 | 101,500 | 6% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Haitham S. Al-Zahrani
Al-Zahrani2025-04-16
Supervising engineer
Hussam T. Al-Qurashi
Al-Qurashi2025-04-18
Project manager
Eng. Yasser M. Al-Zahrani
Al-Zahrani2025-04-21
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2025-04-24
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2025-04-27