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Final Account Agreement

When to use it: It is vitally important to achieve a clear and concise statement of the final sum due to the Contractor.  This is done by preparing a statement which summarises the total of cost changes occasioned by variations, adjustment of provisional sums, claims, dayworks, etc.

Mensura draws together all of these elements and prepares a statement for signature by the Contractor and the Contracts Administrator (or the Employer).  This draws the contract finances to a close.

A discount of up to 80% is available when Mensura has been appointed to prepare Financial Statements/Cost Reports as we will already have access to much of the information required.  Please contact us for a discount code which will be added to your account.  Create an account here.

Scope of Service

Our Final Account Agreement service includes:

  1. Receipt and review of the contract file
  2. Assimilation of data to create the Final Account Statement
  3. Preparation of the Final Account Agreement
  4. Instructions for completion of the Final Account Agreement
  5. Notes of any issues or concerns.
If we have been engaged to prepare Financial Statement throughout the construction period, we will already have the relevant data.  Otherwise, we will require certain information to be provided by you before we are able to start work.  We normally aim to complete the Final Account Statement within 4 weeks of receipt of the last piece of information required.  Statements are delivered electronically via our Service Desk.

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Order of Cost Estimate

Order of Cost Estimates are for when you are starting out on your development.  The purpose of an order of cost estimate is to establish whether the proposed building project is affordable and, if so, to establish a realistic cost limit for the building work. The cost limit is the maximum expenditure that the Employer is prepared to make in relation to the completed building project.

For projects likely to exceed £5m construction cost, please contact us for a bespoke quotation.

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