Syrian Arab Republic
Planning and Statistics Authority
General Directorate of Finance & Contracts — Contracts & Procurement Directorate
- Certificate no.
- 5
- Date
- 2025-09-24
- Reference
- PAY-2025-003-05
Interim payment certificate no. (5)
For the work of September 2025
- Contract number
- PSA/2025/003
- Tender file no.
- 2503320433
- Contract
- Integrated public financial management system — supply & implementation
- Contractor
- Integrated Financial & Administrative Systems Co.
- Contractor tax number
- TX-440781
- Project
- Integrated Public Financial Management System — Phase 1
- Contract period
- 2025-02-02 — 2026-12-31
- Original contract value
- SYP1,030,000,000
- Current contract value
- SYP1,030,000,000
- Linked milestone
- Release 1 built · MS-G2 Designs approved
Certificate summary (SYP)
| 1 | Total value of work completed to date | 230,000,000 |
| 2 | Less: previous certificates | (165,000,000) |
| 3 | Value of work in this certificate | 65,000,000 |
| 4 | Less: retention (10%) | (6,500,000) |
| 5 | Less: advance payment recovery (10%) | (6,500,000) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (13,000,000) |
| 8 | Net amount payable to the contractor | SYP52,000,000 |
Amount in words: Fifty-two million Syrian pounds only
Retention held up to this certificate: SYP 23M — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Analysis & design | 154,500,000 | 37,200,000 | 13,400,000 | 50,600,000 | 33% |
| Licences & platform | 206,000,000 | 43,425,000 | 16,375,000 | 59,800,000 | 29% |
| Build & configuration | 309,000,000 | 49,125,000 | 19,875,000 | 69,000,000 | 22% |
| Systems integration | 154,500,000 | 19,400,000 | 8,200,000 | 27,600,000 | 18% |
| Testing & acceptance | 103,000,000 | 9,575,000 | 4,225,000 | 13,800,000 | 13% |
| Training & run | 103,000,000 | 6,275,000 | 2,925,000 | 9,200,000 | 9% |
| Total | 1,030,000,000 | 165,000,000 | 65,000,000 | 230,000,000 | 22% |
Amounts in Syrian pounds.
Signatures and approvals
Contractor’s representative
Mona Khaddour
Khaddour2025-09-24
Supervising engineer
Hamza Al-Hussein
Al-Hussein2025-09-26
Project manager
Nour Al-Jabiri
Al-Jabiri2025-09-29
Finance & contracts
Omar Al-Nahhas
Al-Nahhas2025-10-02
Final approver
Dr. Samer Al-Daqqar
Al-Daqqar2025-10-05