Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 4
- Date
- 2026-04-22
- Hijri
- 5 Dhuʻl-Qiʻdah 1447 AH
- Reference
- PAY-2025-025-04
Interim payment certificate no. (4)
For the work of April 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
- Structure complete · MS-G3 Build complete
Certificate summary (SAR)
| 1 | Total value of work completed to date | 2,266,000 |
| 2 | Less: previous certificates | (1,531,000) |
| 3 | Value of work in this certificate | 735,000 |
| 4 | Less: retention (10%) | (73,500) |
| 5 | Less: advance payment recovery (10%) | (73,500) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (147,000) |
| 8 | Net before VAT | 588,000 |
| 9 | Add: value added tax (15%) | 88,200 |
| 10 | Net amount payable to the contractor | 676,200 |
Amount in words: Six hundred seventy-six thousand two hundred Saudi riyals only
Retention held up to this certificate: SAR 226.6K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 686,000 | 255,050 | 110,900 | 365,950 | 53% |
| Earthworks & foundations | 1,764,000 | 394,750 | 176,300 | 571,050 | 32% |
| Concrete & structural works | 3,038,000 | 521,200 | 251,500 | 772,700 | 25% |
| Mechanical, electrical & plumbing | 2,352,000 | 248,250 | 132,450 | 380,700 | 16% |
| Finishes & external works | 1,470,000 | 97,600 | 55,350 | 152,950 | 10% |
| Testing & commissioning | 490,000 | 14,150 | 8,500 | 22,650 | 5% |
| Total | 9,800,000 | 1,531,000 | 735,000 | 2,266,000 | 23% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Hamad S. Al-Hajri
Al-Hajri2026-04-22
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2026-04-24
Project manager
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2026-04-27
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2026-04-30
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2026-05-03