Sample Final Payment Letter format to Contractor

Sample Final Payment Letter format to Contractor

[These are sample Final Payment Letter format to Contractor, for informing him about making the final payment and settlements at the time of finishing or ending the contract. You can customize this letter as per your requirements.]

Date…

Contractor Name…

Institute/Construction name…

Address…

Sub: Final Payment Letter

Dear Concern,

This letter is to inform you about the dispatch of your payment against the construction project you completed last month dated (Date) for this company. The transaction for the amount of (amount of money) has been made to M/S Olay Accounts (Account name) at (Bank name). Reference no for verification is (000-123-456).

Kindly acknowledge us back for the payment confirmation in reply to this official letter.

Thanks and Best Regards,

Your Name…

Finance Manager…(Job designation).

Organization/Institute name…

 

Another format,

Date…

Contractor Name…

Institute/Construction name…

Address…

Sub: Final Payment Letter

Name,

Sir, I am writing this letter with a very happy heart as I am very pleased with the work you have done in constructing my new house/office. I gave you the order of constructing my house/office exactly a year ago and I’m surprised as well as amazed at the brilliant work you and your team has done in such a short span of time.

As per the contract, I have already made all the payments on time and with this letter, I have transferred the final payment to your bank account as well. I wish to work with you in future as well and I wish you and your company success. Thank you for the excellent services you have provided to us.

Yours sincerely,

Your Name…

Finance Manager…(Job designation).

Organization/Institute name…