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Building final claim certificate Essay Example
- Category:Finance & Accounting
- Document type:Assignment
- Level:High School
- Page:1
- Words:150
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Claim Reconciliation |
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Contract value (original) including PC items and Provisional Sums |
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Provisional Sums Expended |
Sub-total |
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PS 1 – Air Conditions |
14000.00 |
14000.00 |
14000.00 |
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PS 2 – Sewer drain replacement |
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Total Provisional Sum adjustment |
$ 19,600.00 — |
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Prime Cost Items Purchased |
Sub-total |
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PC1 – Oven and Cooktop |
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PC2 – Wall Tiles |
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PC3 — Double glazed Windows |
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Plus Builder’s margin on Prime Cost Items |
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Total Prime Cost Item adjustment |
$ 18,300.00 — |
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Variations (approved) |
Sub-total |
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VO.1 Additional excavation and binding for footings |
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VO.2 Pergola over the rear deck |
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VO.3 Retaining wall to rear year |
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VO.4 Stain less steel Balustrading |
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Total variations |
$ 11,890 — |
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Interest on Late Payments |
Rate/Day |
Days Late |
Claim Value |
Interest applied |
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Claim No.1. Painters claims for variation for the repaint work |
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Claim No. |
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Claim No. |
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Total Interest applied |
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Costs and Penalties applied |
Rate/Day |
Days Delay |
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Liquidated Damages |
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Other penalties |
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Total Costs and Penalties applied |
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Final Contract Value |