Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 5
- Date
- 2026-07-03
- Hijri
- 18 Muharram 1448 AH
- Reference
- PAY-2025-025-05
Interim payment certificate no. (5)
For the work of June 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 | 2,833,500 |
| 2 | Less: previous certificates | (2,266,000) |
| 3 | Value of work in this certificate | 567,500 |
| 4 | Less: retention (10%) | (56,750) |
| 5 | Less: advance payment recovery (10%) | (56,750) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (113,500) |
| 8 | Net before VAT | 454,000 |
| 9 | Add: value added tax (15%) | 68,100 |
| 10 | Net amount payable to the contractor | 522,100 |
Amount in words: Five hundred twenty-two thousand one hundred Saudi riyals only
Retention held up to this certificate: SAR 283.4K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 686,000 | 373,850 | 83,750 | 457,600 | 67% |
| Earthworks & foundations | 1,764,000 | 580,100 | 133,950 | 714,050 | 40% |
| Concrete & structural works | 3,038,000 | 771,800 | 194,400 | 966,200 | 32% |
| Mechanical, electrical & plumbing | 2,352,000 | 371,650 | 104,400 | 476,050 | 20% |
| Finishes & external works | 1,470,000 | 147,150 | 44,100 | 191,250 | 13% |
| Testing & commissioning | 490,000 | 21,450 | 6,900 | 28,350 | 6% |
| Total | 9,800,000 | 2,266,000 | 567,500 | 2,833,500 | 29% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Hamad S. Al-Hajri
Al-Hajri2026-07-03
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2026-07-05
Project manager
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2026-07-08
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2026-07-11
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2026-07-14