Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 1
- Date
- 2025-09-17
- Hijri
- 25 Rabiʻ I 1447 AH
- Reference
- PAY-2025-025-01
Interim payment certificate no. (1)
For the work of August 2025
- Contract number
- RC/2025/025
- Supplier-portal reference
- 2504860719
- Contract
- Entrepreneurship centre & co-working spaces — construction
- Contractor
- Al-Bunyan Al-Rasekh Contracting Co.
- Contractor VAT number
- 310102487310003
- Project
- Entrepreneurship Centre & Co-working Spaces — with the Riyadh Region Municipality
- Contract period
- 2025-08-03 — 2027-08-31
- Original contract value
- 9,800,000
- Current contract value
- 9,800,000
- Linked milestone
- Site handover & mobilisation · MS-G1 Project plan approved
Certificate summary (SAR)
| 1 | Total value of work completed to date | 319,500 |
| 2 | Less: previous certificates | 0 |
| 3 | Value of work in this certificate | 319,500 |
| 4 | Less: retention (10%) | (31,950) |
| 5 | Less: advance payment recovery (10%) | (31,950) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (63,900) |
| 8 | Net before VAT | 255,600 |
| 9 | Add: value added tax (15%) | 38,340 |
| 10 | Net amount payable to the contractor | 293,940 |
Amount in words: Two hundred ninety-three thousand nine hundred forty Saudi riyals only
Retention held up to this certificate: SAR 32K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 686,000 | 0 | 51,600 | 51,600 | 8% |
| Earthworks & foundations | 1,764,000 | 0 | 80,500 | 80,500 | 5% |
| Concrete & structural works | 3,038,000 | 0 | 108,950 | 108,950 | 4% |
| Mechanical, electrical & plumbing | 2,352,000 | 0 | 53,700 | 53,700 | 2% |
| Finishes & external works | 1,470,000 | 0 | 21,550 | 21,550 | 1% |
| Testing & commissioning | 490,000 | 0 | 3,200 | 3,200 | 1% |
| Total | 9,800,000 | 0 | 319,500 | 319,500 | 3% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Hamad S. Al-Hajri
Al-Hajri2025-09-17
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2025-09-19
Project manager
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2025-09-22
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2025-09-25
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2025-09-28