Professional Documents
Culture Documents
Register
Project plans
Project activities
Sign in
Search
Industry context
Home / news
Create an article
Share
Follow
Related articles
Contract administrator.
Defects liability period.
The value of the final certificate will be based on the final account agreed by the cost consultant
Final account.
and the contractor. This means that all patent defects must have been remedied, all adjustments
to the contract sum must have been agreed and all claims settled.
Retention.
Where proceedings have been commenced in relation to a dispute, the conclusiveness of the final
Interim certificates.
certificate is subject to the findings of those proceedings. In addition, the final certificate itself can
Sectional completion
be disputed (usually within 28 days). Adjudication, arbitration or other proceedings may then be
necessary to resolve the dispute. The final certificate is then only conclusive in relation to matters
that are not disputed.
If the client intends to pay a different amount from that shown on the certificate, then they must
Featured articles
give notice to the contractor of the amount they intend to pay and the basis for its calculation
(pay less notice - see Housing Grants, Construction and Regeneration Act for more information).
Alternative procedures
In design and build contracts (such as Joint Contracts Tribunal (JCT) DB 05) the final certificate
may be described as the final statement.
In construction management contracts, where there are a number of trade contracts, final
statements are issued for each trade contract. Once final statements have been issued for each
trade contract, the construction manager co-ordinates preparation of the final report and issues
There is a similar procedure on management contracts, where final certificates are issued by the
management contractor for each individual works contract, and then once all works contracts
have received a final certificate, the management contractor provides the client's contract
administrator (or cost consultant) with information allowing them to calculate the prime cost (the
cost of the works contracts) and a final certificate is issued to the management contractor.
http://www.designingbuildings.co.uk/wiki/Final_certificate_for_construction_contracts
1/4
4/6/2016
Share
Add a comment
Send us feedback
'La Lavadora' - the Washing Machine building of Santa Fe, Mexico City.
BIM mandate
BIM is now mandatory for all centrallyprocured public projects. Check out our
resources to help you adapt.
New edition of BSRIA guide BG56 published Model Format for Building Services
Specifications.
Zaha Hadid
http://www.designingbuildings.co.uk/wiki/Final_certificate_for_construction_contracts
2/4
4/6/2016
SSE Arena
http://www.designingbuildings.co.uk/wiki/Final_certificate_for_construction_contracts
3/4
4/6/2016
About
Help
Privacy Policy
http://www.designingbuildings.co.uk/wiki/Final_certificate_for_construction_contracts
T&Cs
Contact
Feed
Report Abuse
Press
4/4