Date: 1 April 2026
Place: Mohali
Project: House construction at Plot No. 118, Sector 70, Mohali, under contract dated 4 January 2026
| Particular | Amount |
|---|---|
| Original contract value | ₹32,00,000 (Rupees Thirty Two Lakh only) |
| Extra/variation work (Additional boundary wall and a store room not in the original scope) | ₹1,80,000 (Rupees One Lakh Eighty Thousand only) |
| Total amount billed | ₹33,20,000 (Rupees Thirty Three Lakh Twenty Thousand only) |
| Already paid before this final payment | ₹31,20,000 (Rupees Thirty One Lakh Twenty Thousand only) |
| Final payment now made | ₹2,00,000 (Rupees Two Lakh only) |
Mode of final payment: NEFT transfer to the Contractor’s bank account
I/We, Balwinder Singh, Sai Construction Co., of SCO 44, Phase 3B2, Mohali, having carried out the work referred to above for Ramandeep Singh, of House No. 214, Sector 70, Mohali, hereby acknowledge receipt of the final payment of ₹2,00,000 (Rupees Two Lakh only) stated above, in full and final settlement of all amounts due to me/us for the work.
I/We confirm that, on receipt of this final payment, I/we have no further claim, demand or dispute of any kind against the Owner in connection with the work referred to above, whether for the contract price, extra or variation work, retention, interest or otherwise.
The defect liability period already agreed in the construction contract continues to apply and is not affected by this letter
Received with thanks.
CONTRACTOR
_________________
Balwinder Singh, Sai Construction Co.
Acknowledged by the Owner:
OWNER
_________________
Ramandeep Singh