Project Cancellation Letter

Dear [Recipient Name],

This letter is to inform you that we have decided to cancel the [project name, example: construction of a new stadium]. This decision came after a comprehensive and deep study of the financial and logistic state of the project. The money spent so far raised flags and the management has expressed their concerns about the total cost overrunning the allocated budget. Funding will eventually stop and resources will diminish very soon should we continue this way. Additionally, the deadlines will never be met given the fact that we are already six months late over the schedule.

I kindly ask you to proceed with the cancellation process in line with terms and conditions outlined in the project signed contract.

Regards