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  • Repayment Plan of The Advance Payment Project

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    mustafurade1
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    The document outlines a payment plan totaling $1,674,349.60 for the Sheikh-Laleeys Road Rehabilitation Project to be paid out in monthly installments from October 2022 through March 2023, with an initial advance payment of 5% of the contract amount and the remainder paid based on the monthly percentage of work completed, retaining 5% of the monthly payment each period.

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    repayment plan schedule is very much used for the advance payment.

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    Repayment Plan of the advance payment project

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    The document outlines a payment plan totaling $1,674,349.60 for the Sheikh-Laleeys Road Rehabilitation Project to be paid out in monthly installments from October 2022 through March 2023, with an initial advance payment of 5% of the contract amount and the remainder paid based on the monthly percentage of work completed, retaining 5% of the monthly payment each period.

    Copyright:

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

    Repayment Plan of The Advance Payment Project

    Uploaded by

    mustafurade1
    The document outlines a payment plan totaling $1,674,349.60 for the Sheikh-Laleeys Road Rehabilitation Project to be paid out in monthly installments from October 2022 through March 2023, with an initial advance payment of 5% of the contract amount and the remainder paid based on the monthly percentage of work completed, retaining 5% of the monthly payment each period.

    Copyright:

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

    payment Plan for Sheikh-Laleeys Road Rehabilitation Project

    2022 2023
    Total
    No. Project Descriptions
    Currency: USD
    Oct. Nov. Dec. Jan. Feb. Mar.

    1 Contract Amount 1,674,349.60

    2 Advance Payment 334,869.92

    5% of Contract Amount for Rentention


    3 83,717.50
    Money

    4 Montly Work Done Value $ 26,954.12 $ 140,654.12 $ 664,344.12 $ 718,389.12 $ 124,008.12

    Proportion of Contract Amount for


    5 1.61% 8.40% 39.68% 42.91% 7.41%
    Monthly Work Done (%)

    6 Percentage of Cummulative (%) 1.61% 10.01% 49.69% 92.59% 100.00%

    8 After deduction of 5% Rentention Money $ 20,929.38 $ 20,929.38 $ 20,929.38 $ 20,929.38

    9 Repayment of Advance $ 33,486.99 $ 117,204.47 $ 117,204.47 $ 66,973.98

    Total Cashflow for Net Income $ 113,191.87 $ 526,210.27 $ 580,255.27 $ 36,104.76

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