Document background
The Contractor Final Payment Release Letter is a crucial document used at the completion of construction and service contracts in England and Wales. It is typically issued when the final payment is made to the contractor and serves multiple purposes: confirming receipt of all payments due under the contract, releasing the employer from future claims, and providing documentary evidence of project completion. The document should be carefully drafted to ensure it covers all relevant payments, including retention monies, and clearly states any exceptions to the release. It forms an important part of project close-out documentation and can help prevent future disputes about payment or outstanding claims.
