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  • Payment Status For Century Hotel

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    arvin jay santarin
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    This document is a payment status report for the Century Hotel project. It shows the contract value of $338,410, with amounts approved and paid against five payment terms: a 15% advance payment of $337,205; a 20% payment of $4,159 after 3rd basement work; a 25% payment of $1,000 after 2nd basement work; a 30% payment scheduled after 1st basement work; and a 10% retention to be released after 400 days of maintenance. The total invoice amount was $376,724 but the approved amount was $291,602.70, with some invoices rejected and a small write-off amount.

    Original Description:

    ACCOMPLISHMENT

    Original Title

    WORKS

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    This document is a payment status report for the Century Hotel project. It shows the contract value of $338,410, with amounts approved and paid against five payment terms: a 15% advance payment of $337,205; a 20% payment of $4,159 after 3rd basement work; a 25% payment of $1,000 after 2nd basement work; a 30% payment scheduled after 1st basement work; and a 10% retention to be released after 400 days of maintenance. The total invoice amount was $376,724 but the approved amount was $291,602.70, with some invoices rejected and a small write-off amount.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    10 views1 page

    Payment Status For Century Hotel

    Uploaded by

    arvin jay santarin
    This document is a payment status report for the Century Hotel project. It shows the contract value of $338,410, with amounts approved and paid against five payment terms: a 15% advance payment of $337,205; a 20% payment of $4,159 after 3rd basement work; a 25% payment of $1,000 after 2nd basement work; a 30% payment scheduled after 1st basement work; and a 10% retention to be released after 400 days of maintenance. The total invoice amount was $376,724 but the approved amount was $291,602.70, with some invoices rejected and a small write-off amount.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    PAYMENT STATUS FOR CENTURY HOTEL

    INVOICE AMOUNT APPROVED AMOUNT


    PAYMENT TERMS PROJECT NAME CONTRACT VALUE INVOICE # REMARKS
    VALUE VALUE

    CENTURY HOTEL 338,410.00

    (50,761.00)
    1. 15% of the contract value advance payment against 15% ADVANCE PAYMENT APPROVED AS PER CONTRACT
    guarantee cheque. 337,205.00 337,205.00 APPROVED BY CCD AS PER
    2. 20% of the contract value payable after casting of WORK DONE 573-2016/002 SUBMITTED INVOICE
    3rd basement raft, walls and top slab.
    4,159.00 4,159.00
    3. 25% of the contract value payable after casting of WORK DONE 573-2016/002 APPROVED BY JITC
    2nd basement raft, walls and top slab.
    1,000.00 1,000.00
    4. 30% of the contract value payable after casting of WORK DONE 643-2017 APPROVED BY JITC
    1st basement walls and top slab.
    5. 10% retention to be related after 400 days period 28,500.00
    MATERIAL SALES 595-2016 REJECTED
    of maintenance.
    5,860.00
    WORK DONE 595-2016 REJECTED

    (0.30) WRITE OFF

    376,724.00 291,602.70 AMOUNT RECEIVABLE

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