Date : July 21, 2021

J.M. Del Mar St., Asiatown I.T Park,

Cebu City.

Attention : Engr. Angel-Linus R. Yap

Sr. PM/AVP-Engineering
Thru : Engr. Christian Silao
MEPF Supervisor
Project : 38th Park Avenue
Subject : Request to Expedite the Payment – Progress Billing no.13

Dear Sir/Mam,
Greetings!
In reference of above subject aforementioned that IVM Phils Services & Contractor, Inc, is formally
requesting in your good office to expedite the payment for Progress Billing and Accomplishment Report for
Fire Protection Works. Amounted of Two Million One Hundred Seven Thousand Nine Hundred Eighteen
Pesos & 38/100 (2,107,918.38) only.

Furthermore, we also would like to seek help for the releasing of check before the pronouncement of Enhance
Community Quarantine (ECQ) on August 6, 2021.

Statement of Account:
Contract Amount : Php 48,000,000.00
Downpayment : Php 7,200,000.00
Accomplishment of Date: 54.82% : Php 26,313,366.57
Less:
Recoupment of Downpayment (15%) : Php 430,291.97
Retention (10%) : Php 286,861.31
Withholding Tax (2%) : Php 43,541.45
Progress Billing No. 1 – 12 (Gross Amount) : Php 23,444,753.46

Total Amount of Collectibles : Php 2,107,918.38

Hoping for your immediate approval for this request.

Very Truly Yours,

________________________________________
Engr. Mark Ignatius L. Mendoza
President/CEO
IVM Phils Services & Contractor, Inc.