Quantity Surveyors Final Account

The calculation and agreement of the final construction cost, the final account, is usually of the utmost importance to both the main contractor and the employer. Therefore, parties to the contract need to ensure that the final account incorporates a fair and accurate valuation of the works carried out.To more about final construction quantity surveyors you can do so quantity surveyor courses in Rawalpindi.

Within lump sum contract arrangements the initial price agreed by the client at commencement will usually require adjustment for several matters, including:

• Variations ie. changes;

• Provisional measurements;

• Provisional sums;

• Fluctuations in the rates of labour and prices of materials;

• Loss & expense claims caused by disturbance of the regular progress of the works;

Final Account Preparation & Submission

Contracts will typically specify a fixed period following practical completion of the work within which the final account must be prepared and submitted. The contractor is usually required to provide the clients quantity surveyor with all the documentation as stated above for the purpose of the adjustment of the contract sum. When the quantity surveyor courses in rawalpindi has received these documents and information from the contractor, the clients quantity surveyor should prepare the final account and then submit this to the contractor for agreement, through the architect.

quantity surveyor courses in Islamabad is a dynamic quantity surveyor practice that provides a full range of comprehensive and competitive Quantity Surveying and Construction Cost Consultancy Services to the Construction Industry.

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