Are you in need of a Construction Retention Release Letter Sample? Look no further! Below, you will find examples of Construction Retention Release Letter Samples that you can use and customize as needed.
Why Use a Construction Retention Release Letter Sample?
When completing a construction project, it is common practice for contractors to retain a portion of the payment until the project is fully completed and all obligations are met. This retention amount serves as security for the project owner to ensure that any defects or issues are rectified before final payment is made. However, once the project is completed to satisfaction, it is crucial to release this retention amount in a timely manner. This is where a Construction Retention Release Letter comes into play.
- Ensure prompt release of retention amount
- Document confirmation of completion
- Establish clear communication between parties
Construction Retention Release Letter Sample
Dear [Recipient’s Name],
I am writing to formally request the release of the retention amount held in accordance with our construction contract dated [Contract Date]. As per the terms of the agreement, all work has been completed to satisfaction, and all obligations have been fulfilled.
We kindly request that the retained amount of [Retention Amount] be released promptly to finalize the project and settle all outstanding payments. Please find attached all relevant documentation and certificates of completion for your review.
Thank you for your attention to this matter. Should you require any further information or clarification, please do not hesitate to contact me at [Your Contact Information].
Sincerely,
[Your Name]
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