This notice informs the contractors that the company has assigned all rights, title, and interest in payments owed under the contract to a bank. This includes money owed, retention money, and any other compensation. The contractors are requested to make all future payments under the contract to the bank's specified bank account. The instructions for payment to the bank are irrevocable without the bank's written consent.

1. Date: _________________
NOTICE OF ASSIGNMENT
M/s (Contractors Name)
____________________ (Address)
____________________ (Address)
Dear Sirs,
Contract Agreement Ref No. ________________________ for _____________
________________________________________________________________________
_______________________________________________________ (Name of Project
and Description of Work)
We refer to the above Contract awarded to us.
We are writing to inform you that we have absolutely and irrevocably assigned to
_______________________ (Name of Bank and Address), all our rights, title and
interest in all payments and moneys due to or to become due and payable to us under or
in respect of the above mentioned Contract or under any variations/additions thereto,
including retention money and any other claim or compensation arising under or out of
the above Contract.
We, therefore, request you to make payment of all moneys due or to become due and
payable to us under the above Contract to (Name of Bank), Account No.
_______________.
Kindly note that these instructions are irrevocable and may be amended or cancelled only
with the written consent of the Bank.
Yours sincerely,
______________________