Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 1
- Date
- 2025-05-21
- Hijri
- 23 Dhuʻl-Qiʻdah 1446 AH
- Reference
- PAY-2025-023-01
Interim payment certificate no. (1)
For the work of May 2025
- Contract number
- RC/2025/023
- Supplier-portal reference
- 2504720693
- Contract
- New Premium Members Centre & VIP lounges — fit-out
- Contractor
- Coastline Contracting & Development Co.
- Contractor VAT number
- 340303951060003
- Project
- New Premium Members Centre & VIP Lounges
- Contract period
- 2025-04-06 — 2027-02-28
- Original contract value
- 5,900,000
- Current contract value
- 5,900,000
- Linked milestone
- Earthworks & foundations complete · MS-G2 Designs approved
Certificate summary (SAR)
| 1 | Total value of work completed to date | 166,000 |
| 2 | Less: previous certificates | 0 |
| 3 | Value of work in this certificate | 166,000 |
| 4 | Less: retention (10%) | (16,600) |
| 5 | Less: advance payment recovery (10%) | (16,600) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (33,200) |
| 8 | Net before VAT | 132,800 |
| 9 | Add: value added tax (15%) | 19,920 |
| 10 | Net amount payable to the contractor | 152,720 |
Amount in words: One hundred fifty-two thousand seven hundred twenty Saudi riyals only
Retention held up to this certificate: SAR 16.6K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 413,000 | 0 | 26,800 | 26,800 | 6% |
| Earthworks & foundations | 1,062,000 | 0 | 41,850 | 41,850 | 4% |
| Concrete & structural works | 1,829,000 | 0 | 56,600 | 56,600 | 3% |
| Mechanical, electrical & plumbing | 1,416,000 | 0 | 27,900 | 27,900 | 2% |
| Finishes & external works | 885,000 | 0 | 11,200 | 11,200 | 1% |
| Testing & commissioning | 295,000 | 0 | 1,650 | 1,650 | 1% |
| Total | 5,900,000 | 0 | 166,000 | 166,000 | 3% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Talal H. Al-Ghamdi
Al-Ghamdi2025-05-21
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2025-05-23
Project manager
Eng. Fahad T. Al-Sulami
Al-Sulami2025-05-26
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2025-05-29
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2025-06-01