Interim Payment No. 3
xxx CONTRACTING CO. LLC
P.O Box xxx Dubai, UAE
Tel: xxx
Fax: xxx
Attention : Engr. xxx
Project Manager
Project : xxx Residential Development
Client : M/s. xxx LLC
Consultant : M/s xxx and Alami (Consolidate Engineering Co.)
Subject : Interim Payment No. 3
Dear Sir
With reference to above subject, we have submitted the Interim Payment No.3 on 19th August xxx for the amount of xxx AED, but it was put on hold by you till Block E finished, we refrain from accepting the hold of the payment referring to below quote from the mutually agreed Subcontract Agreement No: xxx dated 25th February xxx and in compliance with Clause No 21 Payment;
“Article 21.1 From time to time during line execution of the Subcontract works the subcontractor shall within 7 days of the Contractor’s request so to do, submit to the Contractor a Written statement of the value of all work properly done under the subcontract and of all material delivered to the site ……. To the price”
“Article 21.3 In compliance with the terms of payment specified in the Third Annex hereto, the Contractor shall pay to the Subcontractor in respect of the work doen or material provided by the Subcontractor and allowed for in such payment under Main Contract, a sum calculated in accordance with the rates and prices specified in this Subcontract, ……….. has been reached”
We have delivered to the site around 430 complete sets of doors where 351 set are installed in Block E, 26 doors sets are installed in Block D and all doors of 5 bed rooms Mockup Villa of them are installed with the need for final touch up only and 36 doors under installation right now.
Hence, you are requested to process the payment as per the contract terms and conditions to ensure prepor and smooth operations in the project.
Kind Regards,
For xxx Interiors LLC
xxx
Project Manager