Post-Contract Report and Final Account - Professional Practice II

In this assignment, we formed a group of 6, and were given 3 tasks to complete:





QUESTION 1

The tender drawings show the apartment entrance arch with guardhouse but no details were provided. The Architect had suggested that these items be listed as Provisional Sum. However, you have forgot about this item and did not include it in your tender document. The contract was awarded without it. The director would also like to know the significance and implications of this omission by their office. In addition, you are required to prepare a report to your director, explaining briefly the adjustments of the essential elements in your preparation of this project’s final account.

QUESTION 2

In accordance with clause 30.10 of the contract, the contractor duly submitted his Final Accounts within 6 months after the issuance of the Certificate of Practical Completion. You are then required to assess this application and prepare the Final Account for the apartment project based of the following valuations and adjustments made to the Contract Sum.

QUESTION 3

Explain the basis on how the following variations may be finalised and priced during the Final Account stage.



Here is our complete work:

Final Account: