Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 4
- Date
- 2025-10-29
- Hijri
- 7 Jumada I 1447 AH
- Reference
- PAY-2025-023-04
Interim payment certificate no. (4)
For the work of October 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
- Structure complete · MS-G3 Build complete
Certificate summary (SAR)
| 1 | Total value of work completed to date | 1,190,500 |
| 2 | Less: previous certificates | (758,500) |
| 3 | Value of work in this certificate | 432,000 |
| 4 | Less: retention (10%) | (43,200) |
| 5 | Less: advance payment recovery (10%) | (43,200) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (86,400) |
| 8 | Net before VAT | 345,600 |
| 9 | Add: value added tax (15%) | 51,840 |
| 10 | Net amount payable to the contractor | 397,440 |
Amount in words: Three hundred ninety-seven thousand four hundred forty Saudi riyals only
Retention held up to this certificate: SAR 119.1K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 413,000 | 126,400 | 65,900 | 192,300 | 47% |
| Earthworks & foundations | 1,062,000 | 195,600 | 104,400 | 300,000 | 28% |
| Concrete & structural works | 1,829,000 | 258,200 | 147,750 | 405,950 | 22% |
| Mechanical, electrical & plumbing | 1,416,000 | 122,950 | 77,050 | 200,000 | 14% |
| Finishes & external works | 885,000 | 48,300 | 32,050 | 80,350 | 9% |
| Testing & commissioning | 295,000 | 7,050 | 4,850 | 11,900 | 4% |
| Total | 5,900,000 | 758,500 | 432,000 | 1,190,500 | 20% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Talal H. Al-Ghamdi
Al-Ghamdi2025-10-29
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2025-10-31
Project manager
Eng. Fahad T. Al-Sulami
Al-Sulami2025-11-03
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2025-11-06
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2025-11-09