Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 7
- Date
- 2026-10-15
- Hijri
- 4 Jumada I 1448 AH
- Reference
- PAY-2026-022
Interim payment certificate no. (7)
For the work of September 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 | 3,500,000 |
| 2 | Less: previous certificates | (3,135,000) |
| 3 | Value of work in this certificate | 365,000 |
| 4 | Less: retention (10%) | (36,500) |
| 5 | Less: advance payment recovery (10%) | (36,500) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (73,000) |
| 8 | Net before VAT | 292,000 |
| 9 | Add: value added tax (15%) | 43,800 |
| 10 | Net amount payable to the contractor | 335,800 |
Amount in words: Three hundred thirty-five thousand eight hundred Saudi riyals only
Retention held up to this certificate: SAR 350K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 686,000 | 512,950 | 52,300 | 565,250 | 82% |
| Earthworks & foundations | 1,764,000 | 797,700 | 84,300 | 882,000 | 50% |
| Concrete & structural works | 3,038,000 | 1,068,300 | 125,200 | 1,193,500 | 39% |
| Mechanical, electrical & plumbing | 2,352,000 | 519,000 | 69,000 | 588,000 | 25% |
| Finishes & external works | 1,470,000 | 206,700 | 29,550 | 236,250 | 16% |
| Testing & commissioning | 490,000 | 30,350 | 4,650 | 35,000 | 7% |
| Total | 9,800,000 | 3,135,000 | 365,000 | 3,500,000 | 36% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Hamad S. Al-Hajri
Al-Hajri2026-10-15
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Awaiting signature
Project manager
Eng. Ibrahim A. Al-Ghamdi
Later
Finance & contracts
Khalid N. Al-Mutairi
Later
Final approver
Dr. Abdullah S. Al-Qahtani
Later