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What’s Included In A Construction Final Account Document?

Although a Construction Final Account may sound fairly straightforward, it can require significant planning and research. The work carried out may need to be measured, for example, and then billed for at the previously agreed price set out in the contract. Things that are included in a Final Account document include:

  • Valuation of contractor’s work
  • Value of work which was estimated in prior agreements
  • Tender adjustments
  • Profits the contractor may have accrued via suppliers and subcontractors
  • Outstanding statutory charges, testing and opening up fees, patents, insurances and royalties
  • Amounts and prime cost sums in relation to each contractor and subcontractor
  • Allowable amounts under fluctuation clauses
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Your Final Account In Accordance With Your Contract

Whilst some details are included in the Final Account as standard, any Final Account should also reflect the contract it relates to. There may be specific clauses governing variation orders, for example, and this could have an impact on what amounts are included in the Final Account.

Due to this, it’s essential that your chosen quantity surveyor is familiar with the contract and has the opportunity to examine each clause in detail. Whilst it isn’t always necessary for a surveyor to visit a site for the sole purpose of preparing the Final Account, it is often a practicable way of conducting the relevant measurements.

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Why Choose Us?

Representatives of the contractor and the client should be invited to attend, so that they can verify the accuracy of the measurements taken. Our experienced and expert consultants can help you in every stage of your construction from start to finish, including the final pieces in the Final Account document. When enlisting the help of our professionals, you can expect the following:

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