Date: xxx
Ref: CC/269/CM/03
To: M/s. xxx, Dubai, UAE
Kind Attn: Mr. xxx
Project: 2B + G + 14+ Lower Roof Hotel Building on Plot No. 373-1297 at Al Barsha 1st,Dubai U.A.E.
Subject: Regarding back to back payment to M/s Metalu and discussion regarding mode of payment
Dear Sir,
With reference to the above, and as per meeting held at consultant site office on dated 02.11.2016 in presence of Mr.Saravana Kumar and with Metalu team and as discussion held for back to back payment /mode of payment to Aluminum and Glazing work i.e.,M/s Metalu, please note the following:
- M/s Chirag Contracting explained that we will issue the payment back to back within 3 days after receiving the payment from employer.
- M/s Metalu put their concern that they did not agree the same at the time of nomination.
- Mr.Sarvana Kumar address the issue and assured that this financial issue will be resolved by Cleint.
- As per the performance guarantee, M/s Metalu will keep the performance bond of guarantee additional 4 months from month of july.
So, we are signing the agreement and this payment terms need to clear by employer because Main Contractor will not issue any current dated cheque to M/s Metalu and we will issue the payment based on back to back within 3 working days after clearnace of the our payment.
This is for your kind information and necessary confirmation and this will be the amended terms between our subcontractor and Chirag contracting.
Regards,
For xxx Contracting L.L.C
xxx
Project Manager
