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