Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 11
- Date
- 2026-10-18
- Hijri
- 7 Jumada I 1448 AH
- Reference
- PAY-2026-023
Interim payment certificate no. (11)
For the work of September 2026
- 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
- MEP systems installed · MS-G4 Testing & acceptance complete
Certificate summary (SAR)
| 1 | Total value of work completed to date | 3,500,000 |
| 2 | Less: previous certificates | (3,245,000) |
| 3 | Value of work in this certificate | 255,000 |
| 4 | Less: retention (10%) | (25,500) |
| 5 | Less: advance payment recovery (10%) | (25,500) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (51,000) |
| 8 | Net before VAT | 204,000 |
| 9 | Add: value added tax (15%) | 30,600 |
| 10 | Net amount payable to the contractor | 234,600 |
Amount in words: Two hundred thirty-four thousand six hundred Saudi riyals only
Retention held up to this certificate: SAR 350K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 413,000 | 390,200 | 22,800 | 413,000 | 100% |
| Earthworks & foundations | 1,062,000 | 972,450 | 61,800 | 1,034,250 | 97% |
| Concrete & structural works | 1,829,000 | 1,105,700 | 87,800 | 1,193,500 | 65% |
| Mechanical, electrical & plumbing | 1,416,000 | 533,900 | 54,100 | 588,000 | 42% |
| Finishes & external works | 885,000 | 211,800 | 24,450 | 236,250 | 27% |
| Testing & commissioning | 295,000 | 30,950 | 4,050 | 35,000 | 12% |
| Total | 5,900,000 | 3,245,000 | 255,000 | 3,500,000 | 59% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Talal H. Al-Ghamdi
Al-Ghamdi2026-10-18
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2026-10-21
Project manager
Eng. Fahad T. Al-Sulami
Awaiting signature
Finance & contracts
Khalid N. Al-Mutairi
Later
Final approver
Dr. Abdullah S. Al-Qahtani
Later