A Project Proforma Invoice is a comprehensive detailed breakdown of pricing for every stage of project execution for which the Contractor shall be compensated. The document is also essential for the Bank to open a master Letter of Credit (LC) for the Project.
It typically includes descriptions of goods or services, quantities, unit prices, total amounts, payment terms, and applicable taxes or fees for each milestone/phase (primary level), units or packages (secondary level), as well as all equipment, items, and necessary services for project execution (tertiary level).
This must align with the existing Contract between the Contractor and the Project Owner.