Retention Money Release Letter Sample

Are you looking for a Retention Money Release Letter Sample to help you draft your own letter for releasing retention money to contractors or employees? Look no further! Below, you will find an example of a Retention Money Release Letter Sample that you can use as a template. Feel free to modify it to suit your specific needs and circumstances.

Explanation of Retention Money Release Letter Sample

When it comes to releasing retention money, it is important to communicate clearly and professionally with the recipient. A Retention Money Release Letter serves as a formal document to notify the recipient that their retention money is being released to them. The letter should include important details such as the amount being released, the reason for the release, and any additional information the recipient needs to know.

Here are some key points to consider when drafting a Retention Money Release Letter:

• Clearly state the purpose of the letter
• Provide details about the amount of retention money being released
• Explain the reason for the release
• Include any terms or conditions associated with the release
• Express appreciation for the recipient’s work or services

Example of Retention Money Release Letter Sample

Dear [Recipient’s Name],

I am writing to inform you that the retention money held for your recent project has been released. The amount of $X has been transferred to your account as per our agreement.

We are releasing the retention money to you as all work on the project has been completed satisfactorily and within the agreed-upon timeline. We would like to take this opportunity to thank you for your hard work and dedication throughout the project.

If you have any questions or require any further information, please do not hesitate to contact me at [Phone Number] or [Email Address].

Sincerely,

[Your Name]