Getting Paid
Final Account Statement
The end-of-job reconciliation that takes the original contract sum, adds and subtracts every approved variation, and accounts for payments made and retention held, to arrive at the final amount due in or out.
Low risk
General use - safe to send as-is once you've filled the gaps.
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When to use this
- •A job is complete and you need to reconcile the contract sum, variations and retention
- •You want one signed document that closes the account and ends further claims
- •The client and you disagree on the final figure and you need every adjustment laid out