Freelance Quantity Surveyor

 

All possible adjustments are shown separately in the final account. The figures must indicate the net amount for each variation, as well as the amounts due to subcontractors and suppliers. When measurements are taken in order to prepare the final account, a representative of the contractor must be present. It ensures that he agrees with the figures received.

Unless otherwise agreed, within 6 months after completion of construction the building contractor must provide the Architect or Freelance Quantity Surveyor a package of documents to prepare the final account. After the documents are submitted, the Architect or Quantity Surveyor has 3 months to draw up and provide it to the contractor.

Delays in preparing the final account entail additional expenses for the contractor. The employer, for its part, remains unaware of the full amount of its financial obligations. In this regard, the Architect and the Quantity Surveyor, who issue the final account, are responsible for complying with deadlines. At the same time, it is in the interests of the contractor to promptly provide the accounts of subcontractors and suppliers, documentation on the measurements, adjustments, and prices, as well as all the essential supporting data.

Thanks to the vast experience in the field of construction, PEJA Surveying Ltd prepares final accounts in a professional and timely manner. Preparing final statements is time-consuming and stressful work, so why don’t you leave to PEJA Surveying Ltd?

The final account is normally the responsibility of the Private Quantity Surveyor. However, the best practices in the industry envision the collaboration of Employer’s and Contractor’s Quantity Surveyors to agree on the final account.

The final account signed by both parties implies a complete and final settlement of all claims regarding the volume of work, the cost of materials and labour, expenditures, etc. In case of any adjustments, they must be specified as well. When the final account is settled, this will result in the issuance of the final account statement and allow the architect to provide the final certificate Freelance Quantity Surveyor.

The main part of the final account is a list of works carried out and their cost in accordance with the agreed costs. If Quantity Surveyors have questions regarding the accuracy of any items, they may require measurements to be taken at the construction site.