Example structure for a final account

The recovery of loss and/or expense should be added to the assessment of the final account.

If liquated damages are due to the client as a result of failing to complete the works within the contract period, it is not the responsibility of the contract administrator to make any such deduction.

The contract administrator/quantity surveyor should calculate any damages due and advise the client that he may deduct damages if he so chooses. It is only the client who can then make any deduction from monies due to the contractor.

For example, there has been an agreed loss and/or expense claim of £10,000 which will be included in the final adjustment. This addition is over and above that which was included and agreed within the Schedule 2 Quotation for the varied piling works. The inclusion of such an addition will have required the contract administrator to have formally advised the contractor that after due consideration the contract period has been extended beyond the 54 works so adjusted to take account of the extra piling works.