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Test Letter

This letter from ASPIRE AECOM Architectural and Engineering PLC recommends increasing the advance payment for a construction project from 20% to 30% based on a cash flow projection submitted by the contractor. The letter references a request from the contractor for additional funding and ASPIRE's review of the contractor's cash flow needs. ASPIRE recommends approving the increased advance payment along with adjustments to the contractor's proposed cash injections and a joint account arrangement and procurement schedule.

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Abdulselam Maru
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147 views

Test Letter

This letter from ASPIRE AECOM Architectural and Engineering PLC recommends increasing the advance payment for a construction project from 20% to 30% based on a cash flow projection submitted by the contractor. The letter references a request from the contractor for additional funding and ASPIRE's review of the contractor's cash flow needs. ASPIRE recommends approving the increased advance payment along with adjustments to the contractor's proposed cash injections and a joint account arrangement and procurement schedule.

Uploaded by

Abdulselam Maru
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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አስፓየር ኤኢኮም አርክቴክቶችና መኃንዲሶች ኃ.የተ.የግ.

ማ
ASPIRE AECOM ARCHITECTURAL AND ENGINEERING PLC
Engineering Design , Date:
Supervision,
Ref. No.:
Contract
Administration,
Building permit
applications, ►Federal Democratic Republic of Ethiopia
Consulting in public Ministry of Urban and Infrastructure Development
and private contract Federal Government Buildings Construction Project Office
law , A.A
Construction
Ref.: Construction of National Meteorology Agency Building Lot-1(2B+G+9 storey
management ,
Urban design , Educational Building, Office Building-2, Meeting Hall, garage & Site Work)
Environmental Sub.: Regarding additional Advance Payment requested by the contractor
engineering ,
Geotechnical and
foundation Dear Sir/Madam,
engineering
Proposal and
feasibility study This is in reference to your letter FGB/112/1407/ dated 13 Dec 2021 whreby you requested
preparation recommendation on increasing advance payment from 20% to 30% for the captioned
P.O.Box : 2044
cod 1215 project based on the contractor’s request.
Addis Ababa,
Ethiopia We have reviewed the cashflow projection submitted by the contractor with letter
Tel (Office) YC/NMAP/356/2014 dated 24/12/2021 which indicates existing trends and cash injection
+251-11-6-18 12 82
Mobile: to be made by the contractor through the project time. Accordingly, we recommend the
+251-911-21 09 71
+251-912-16 92 46
Fax: additional ‘Advance’ be issued with an increment in the contractor’s proposed cash
+251-11-6-62 33 76
injection, as attached to this letter, in conjunction with our agreement about joint account
E-mail:
habtamuint@ arrangement and procurement schedule.
ethionet.et

ISO 9001:2008
Sincerely,
CERTIFIED

Attachment: one page


C.C
 ASPIRE Technical Manager
 ASPIRE Contract Division
 ASPIRE Archive

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