Final account

Gulf FIDIC The Final Payment Certificate and closing a FIDIC account Closing a FIDIC account runs from the Statement at Completion to the Final Statement and the Final Payment Certificate. The steps, the discharge, and why the sequence protects the contractor. 6 min read Ireland Agreeing the final account on an Irish construction contract Closing out the account on RIAI and Public Works Contracts: pulling variations, remeasurement and retention into one agreed figure, and why the records decide it. 6 min read Final account The account after termination is not the final account When an employer terminates for contractor default, the reckoning that follows weighs cost of completion and damages against what the contractor would have been due. It is a different exercise from a final account. 7 min read Final account Disruption is not prolongation Disruption is loss of productivity on work that still had to be done. It can arise with no delay to completion at all. 5 min read Final account Prolongation costs, and the weeks they belong to Prolongation is the time-related cost of a longer job. The recurring error is calculating it at the tender rate over the wrong period. 5 min read Australia Agreeing the final account on an AS 4000 contract in Australia The final account under AS 4000 reconciles the contract sum with every variation, remeasure and retention release into one agreed figure, then closes the payment cycle. 6 min read New Zealand Closing the final account under NZS 3910 in New Zealand The final account under NZS 3910:2023 gathers the measured work, variations and claims into one settled figure, certified by the Engineer to the Contract and claimed under the Act. 6 min read Final account The heads of a loss and expense claim Loss and expense is reimbursement of actual loss, proved. The recognised heads are narrower than most claims assume. 6 min read Final account The final account has a timetable, and it starts at practical completion JCT sets a period for the contractor to submit documents and a period for the account to be agreed. Both are routinely ignored until the account is two years old. 5 min read Singapore Closing the final account on a Singapore project The final account settles measured work, variations and retention into one agreed figure under the PSSCOC or SIA form. Build it from the record, not from memory. 6 min read Hong Kong Closing the final account on a Hong Kong contract The final account settles measured work, variations, and retention on HKIA and government GCC contracts. How to close it cleanly with no tax line to reconcile. 6 min read Final account Surviving an audit of the final account An auditor is not looking for fraud. They are looking for figures that cannot be traced to a document, and every account has some. 4 min read Qatar FIDIC Closing out a Qatar FIDIC job: the Final Payment Certificate under 14.11 to 14.13 How the Final Statement becomes the Final Payment Certificate under Sub-Clauses 14.11 to 14.13, what it settles, and why the discharge closes the account. 6 min read Malaysia Agreeing the final account on a PAM contract in Malaysia The final account settles the contract sum for good. Close the measured works, the variation account and retention on evidence, not on a round number nobody can trace. 6 min read Final account Value engineering savings, and who keeps them A saving found by the contractor and a saving instructed by the client are different things. The contract rarely says so. 4 min read Final account The final certificate and what it closes for good On JCT contracts the final certificate has conclusive effect on certain matters unless proceedings are commenced within a short window. What it settles, and what it does not. 6 min read Final account When the final account will not close Most accounts are not disputed, they are abandoned. Two or three items stall and the whole document sits there for two years. 4 min read Final account Negotiating the final account Both sides know roughly where it will land. Getting there needs a structure, because item-by-item argument on ninety lines never converges. 4 min read Final account The documents a final account has to stand on An account is only as good as what supports it, and those documents are created during the job or they are not created at all. 4 min read South Africa Closing the final account on a JBCC contract in South Africa The final account settles the contract sum against everything that happened, the variations, remeasures, retention and adjustments, in one agreed figure. 6 min read Saudi FIDIC The Final Payment Certificate under FIDIC in Saudi Arabia On a Saudi FIDIC job the account closes through the Final Statement and the Final Payment Certificate under Sub-Clauses 14.11 to 14.13. Here is how the final number is agreed and certified. 6 min read Final account Agreeing the final account without turning it into a dispute How to get from a submitted account to an agreed one. Sequencing the items, dealing with the three that are genuinely contentious, and why one meeting rarely does it. 6 min read UK Closing the final account in QScope under JCT and NEC4 QScope carries the contract sum, variation register, remeasurement, provisional sums and retention into a final account that closes because it was kept live throughout. 6 min read Final account Building a final account that actually closes The structure of a final account, from contract sum to final balance. Which adjustments belong where, why netting destroys reconciliation, and the checks that find the missing few thousand pounds. 7 min read