Final Account Settlement

AESG’s cost management team manages the final account agreement which shall be signed by both client and contractor to effectively “draw the line” between both parties as the last outstanding commercial obligation on the project.

It is important that costs are managed appropriately right through to handover and commissioning stages of the project. Although this signals the end of the construction stage it is as important to continue a rigorous cost management approach. Our team will continue to support the client with final account settlement and financial close out of the project following handover. Should there be any outstanding Non-Compliance-Requests (NCR’s) AESG cost managers will ensure to include these deductions within the final account settlement recommendation until such time all NCR’s are removed. During the Defects Liability Period (DLP) the AESG cost management team continues to provide the required commercial presence in order to track all costs on any potential defects which are required to be closed out during the DLP. Once completed AESG will manage the final account agreement which shall be signed by both client and contractor to effectively “draw the line” between both parties as the last outstanding commercial obligation on the project.