Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 3
- Date
- 2026-02-08
- Hijri
- 20 Shaʻban 1447 AH
- Reference
- PAY-2025-025-03
Interim payment certificate no. (3)
For the work of January 2026
- 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 | 1,531,000 |
| 2 | Less: previous certificates | (916,000) |
| 3 | Value of work in this certificate | 615,000 |
| 4 | Less: retention (10%) | (61,500) |
| 5 | Less: advance payment recovery (10%) | (61,500) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (123,000) |
| 8 | Net before VAT | 492,000 |
| 9 | Add: value added tax (15%) | 73,800 |
| 10 | Net amount payable to the contractor | 565,800 |
Amount in words: Five hundred sixty-five thousand eight hundred Saudi riyals only
Retention held up to this certificate: SAR 153.1K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 686,000 | 152,100 | 95,200 | 247,300 | 36% |
| Earthworks & foundations | 1,764,000 | 235,600 | 150,200 | 385,800 | 22% |
| Concrete & structural works | 3,038,000 | 311,900 | 210,150 | 522,050 | 17% |
| Mechanical, electrical & plumbing | 2,352,000 | 149,100 | 108,100 | 257,200 | 11% |
| Finishes & external works | 1,470,000 | 58,800 | 44,550 | 103,350 | 7% |
| Testing & commissioning | 490,000 | 8,500 | 6,800 | 15,300 | 3% |
| Total | 9,800,000 | 916,000 | 615,000 | 1,531,000 | 16% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Hamad S. Al-Hajri
Al-Hajri2026-02-08
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2026-02-10
Project manager
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2026-02-13
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2026-02-16
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2026-02-19