Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 1
- Date
- 2025-06-18
- Hijri
- 22 Dhuʻl-Hijjah 1446 AH
- Reference
- PAY-2025-007-01
Interim payment certificate no. (1)
For the work of May 2025
- Contract number
- RC/2025/007
- Supplier-portal reference
- 2503600485
- Contract
- My Business Portal 2.0 — build & run
- Contractor
- Digital Platforms Solutions Co.
- Contractor VAT number
- 310105738640003
- Project
- My Business Portal 2.0 — the Unified Member Journey
- Contract period
- 2025-05-04 — 2027-03-31
- Original contract value
- 2,430,000
- Current contract value
- 2,550,000including variations of SAR 120K
- Linked milestone
- Inception & requirements · MS-03 Advance payment (10%) released
Certificate summary (SAR)
| 1 | Total value of work completed to date | 102,000 |
| 2 | Less: previous certificates | 0 |
| 3 | Value of work in this certificate | 102,000 |
| 4 | Less: retention (10%) | (10,200) |
| 5 | Less: advance payment recovery (10%) | (10,200) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (20,400) |
| 8 | Net before VAT | 81,600 |
| 9 | Add: value added tax (15%) | 12,240 |
| 10 | Net amount payable to the contractor | 93,840 |
Amount in words: Ninety-three thousand eight hundred forty Saudi riyals only
Retention held up to this certificate: SAR 10.2K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Analysis & design | 382,500 | 0 | 22,450 | 22,450 | 6% |
| Licences & platform | 510,000 | 0 | 26,500 | 26,500 | 5% |
| Build & configuration | 765,000 | 0 | 30,600 | 30,600 | 4% |
| Systems integration | 382,500 | 0 | 12,250 | 12,250 | 3% |
| Testing & acceptance | 255,000 | 0 | 6,100 | 6,100 | 2% |
| Training & run | 255,000 | 0 | 4,100 | 4,100 | 2% |
| Total | 2,550,000 | 0 | 102,000 | 102,000 | 4% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Rayan M. Al-Shehri
Al-Shehri2025-06-18
Supervising engineer
Joud N. Al-Ahmadi
Al-Ahmadi2025-06-20
Project manager
Eng. Sultan F. Al-Ghamdi
Al-Ghamdi2025-06-23
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2025-06-26
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2025-06-29