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Release of Retention Money

This document discusses the release of retention money for cable support fabrication and installation work completed in June 2015. The three month defects liability period has elapsed with no defects found. As a result, the retention money of 11,220 BDT can be released. The work was completed on budget, with a total contract amount of 88,000 BDT and total paid bill amount of 112,200 BDT.

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Alamgir Robin
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319 views

Release of Retention Money

This document discusses the release of retention money for cable support fabrication and installation work completed in June 2015. The three month defects liability period has elapsed with no defects found. As a result, the retention money of 11,220 BDT can be released. The work was completed on budget, with a total contract amount of 88,000 BDT and total paid bill amount of 112,200 BDT.

Uploaded by

Alamgir Robin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Release of Retention Money

Reference No: BSRM-SML/WO/ Cable Support Fabrication & Date: 00/00/0000


Installation /Snigdha /June-2015. Dated: June 2, 2015.

The retention period of following works has been elapsed. The retention money (BDT.
11,220.00) can be released as no defect has been found during this period.

Name of Work : Fabrication and Erection of Cable support for PTW.


Commencement of Work : 15.06.2015
Completion of Work : 01.07.2015
Defects liability period : 03 (Three) Month
Contract amount : BDT. 88,000.00
Total Paid Bill Amount : BDT. 112,200.00
Retention amount (10%) : BDT. 11,220.00
In words : Taka Eleven thousand Two hundred & Twenty only.

Prepared By Checked By 1st Approval Authority 2nd Approval Authority


Alamgir Mollah Robin Ahsan Uddin Ahmad Mr. Baldeo Sharma Hasan Zafar Chowdhury
Team Member-Electrical Module Lead-Electrical Head of Project Executive Director
BSRM Steel Mills Ltd. BSRM Steel Mills Ltd. BSRM Steel Mills Ltd. BSRM Steel Mills Ltd.

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