Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 2
- Date
- 2025-11-28
- Hijri
- 7 Jumada II 1447 AH
- Reference
- PAY-2025-025-02
Interim payment certificate no. (2)
For the work of November 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
- Earthworks & foundations complete · MS-G2 Designs approved
Certificate summary (SAR)
| 1 | Total value of work completed to date | 916,000 |
| 2 | Less: previous certificates | (319,500) |
| 3 | Value of work in this certificate | 596,500 |
| 4 | Less: retention (10%) | (59,650) |
| 5 | Less: advance payment recovery (10%) | (59,650) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (119,300) |
| 8 | Net before VAT | 477,200 |
| 9 | Add: value added tax (15%) | 71,580 |
| 10 | Net amount payable to the contractor | 548,780 |
Amount in words: Five hundred forty-eight thousand seven hundred eighty Saudi riyals only
Retention held up to this certificate: SAR 91.6K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 686,000 | 53,850 | 94,050 | 147,900 | 22% |
| Earthworks & foundations | 1,764,000 | 83,150 | 147,700 | 230,850 | 13% |
| Concrete & structural works | 3,038,000 | 108,700 | 203,650 | 312,350 | 10% |
| Mechanical, electrical & plumbing | 2,352,000 | 51,050 | 102,850 | 153,900 | 7% |
| Finishes & external works | 1,470,000 | 19,900 | 41,950 | 61,850 | 4% |
| Testing & commissioning | 490,000 | 2,850 | 6,300 | 9,150 | 2% |
| Total | 9,800,000 | 319,500 | 596,500 | 916,000 | 9% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Hamad S. Al-Hajri
Al-Hajri2025-11-28
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2025-11-30
Project manager
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2025-12-03
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2025-12-06
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2025-12-09