Authorization Letter to Contractor
With reference to the meeting held at your good office on 21, September 2015 it is to have your attention towards the rates submitted by your company for the execution of construction work at the prescribed site. However, it was discussed very briefly in the meeting that the execution rates will be up to the market prices so that the Contractor agrees to the terms and condition and does not bear any loss while carrying out the work. As it is stated earlier that you submitted the execution rates quotation to us after that meeting. We have been reviewing those rates in comparison to the market rates that we will pay for the material and keeping in view the margin held by the supplier from a week.
After a detailed comparison and our projected cost during this work period regarding the construction work, we have come to an accord with your submitted rates. It is more than agreed and happily approved.
We are pleased to notify you that we agree to your provided rates of execution work and we are obliged and excited to work with you on this project. The rates of execution provided are authorized and approved and we can move forward to further necessary action from your side to start the work as soon as possible.
Looking forward to a quick agreement from your side and hoping that we can take over the work at the earliest in order to overcome any delay caused by the latency.
Thanking you and assuring you our best professional services at any time.
Core Construction Company