Loss and Expense Ascertainment
When to use it: Loss and expense claims are made by Contractors when certain events occur. These may include delay for which the Employer is responsible, instructions, discrepancies between Contract Documents, etc. Contractors will prepare and submit claims for these matters and these require to be evaluated and assessed in accordance with the provisions of the building contract. Such claims may represent prolongation costs (arising from delays to the works) or disruption costs (uneconomic working).
Mensura will review the review the claims submitted and make a recommendation under the contract based on that documentation.
Scope of Service
Our Loss and Expense Ascertainment service includes:
- Receipt and review of Contractor's claim for loss and expense
- Record of queries raised with the Contractor and answers received
- Recommendation as to the validity of the claim under the contract
- Recommendation as to the value of the claim made
- Notes of any issues or concerns.
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Final Account Agreement
Final account statements signify the full and final settlement of projects cost between the Employer and Main Contractor. Agreement of the Final Account triggers the Final Account Statement and ultimately enables the Contract Administrator to issue the Final Certificate.
For projects exceeding £5m construction cost please contact us for a quotation.
Financial Statement/Cost Report
Preparing regular financial statements is a key means of keeping the Client informed of the financial health of a project. We collate all the variation information together with anticipated changes to show the estimated final cost of the project each month. This is balanced back to the approved budget by adjusting the available contingency.
For projects where the construction cost is likely to exceed £5m please contact us for a quotation.