Get the Most of Your Final Account Application

Preparation of Final Accounts are often left to after a project has completed, especially by smaller sub-contractors and main contractors, often down to the owner of the business not having the time whilst the project is ongoing.

Not only can this have a detrimental effect on cashflow throughout a project but this also raises the chances of you not being paid a fair and reasonable amount for the works that you have done at Final Account stage.

Reasons for this can include forgetting about variations that happened a number of months ago, mislaying of important back-up/records and in a number of cases and in many cases the payer not willing to compromise as the works are already completed.

We would always recommend that you start working on the Final Account as soon as you start works on site, keeping the payer informed throughout the process of what your anticipated Final Account is and to agree variations as you progress through the project, at least on a monthly basis with each valuation.

If you find yourself not having enough time to do a rolling Final Account, then contact Giles Associates to take this workload off of you and help you get the best Final Account settlement for your business.