Nominated Subcontractor M/s. xxx Aluminum & Glass Contractors payment terms and retention issue

Date: xxx.

Ref.: xxx

Total Pages: 1

To,

xxx

P.O Box: xxx, Dubai, UAE

Phone: +xxx

Attention:        xxx – Principal

Project:            xxx.

Reference:       xxx

Subject: Nominated Subcontractor M/s. xxx Aluminum & Glass Contractors payment terms and retention issue

Dear Sir,

This is further to our subsequent discussion regarding client nominated subcontractor M/S Souhail Jaber Aluminum & Glass Contractors for sliding windows works, we want to put on record that as per your email confirmation (copy attached) we are entering a subcontract agreement with M/s. Souhail Jaber Aluminum & Glass Contractors for the aforesaid works with 60% advance of total contract value without securing bank guarantee/security cheque and 5% retention provision for DLP.

Therefore, the client will take sole responsibility/risk of advance payments, subcontractor performance of the site and during DLP.

This is for your information and record.

Yours Sincerely,

xxx