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Clear Entire Form Clear This Page COLORADO DEPARTMENT OF LABOR AND EMPLOYMENT DIVISION OF WORKERS COMPENSATION REQUEST FOR LUMP SUM PAYMENT (Permanent Partial, Permanent Total and Dependents Benefits)

How to fill out request for lump sum

How to fill out a request for a lump sum:

1. Start by gathering all the necessary information and documentation needed to support your request. This may include any relevant invoices, receipts, or supporting documents related to the lump sum you are requesting.
2. Begin the request by addressing it to the appropriate individual or department responsible for processing lump sum requests. Be sure to include your contact information and any account details that may be necessary for identification purposes.
3. Clearly state the purpose of your request for a lump sum. Explain why you are seeking a lump sum payment rather than a different method of payment or reimbursement. Provide a concise and convincing explanation for why a lump sum is the most appropriate option in your particular case.
4. Outline the specific amount you are requesting as a lump sum payment. Be as detailed as possible, including any calculations or breakdowns of how you arrived at this amount. If necessary, provide justification for why this amount is fair and reasonable.
5. Support your request with any relevant documentation or evidence that substantiates your need for a lump sum payment. This could include invoices, bills, estimates, or any other related documents that help strengthen your case.
6. Close the request by expressing gratitude for considering your application and providing any additional contact information or instructions that may be necessary.

Who needs a request for a lump sum:

1. Individuals who are owed a significant amount of money and prefer to receive it as a one-time lump sum payment rather than in installments.
2. Contractors or service providers who have completed a project or provided a service and are seeking full payment upfront rather than waiting for payments to be made over an extended period.
3. Employees who are entitled to a lump sum payment, such as a bonus or severance package, as outlined in their employment contract or company policies.

Remember, always consult with the specific entity or person responsible for processing requests for lump sums to ensure you are following their preferred procedures and guidelines.

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