Slide Present P.P

SBQ 3722 PROFESSIONAL PRACTISE III ADJUSTMENT OF CONTRACT SUM & FINAL FINAL ACCOUNT By SHAZLYN BT. APIU TIMOTHY THOMAS RUBBY DEAN

QUESTIONS : 1) DESC DESCRI RIBE BE THE THE OR OR! ! PROC PROCES ESS S FOR FOR THE THE SER"ICE 2) UNDE UNDERT RTA! A!ES ES THE THE PLA PLANN NNIN IN# # & OR#AN OR#ANIZ IZIN IN# # OF ITS SOURCES TO ACCOMPLISH ACCOMPLISH 3) IDEN IDENTI TIFY FY THE THE PRO PROBL BLEM EMS S AND AND NECE NECESS SSAR ARY Y SU##ESTIONS TO IMPRO"E $) MONI MONIT TORIN# RIN# MECH MECHAN ANIS ISM M

ADJUSTMENT OF CONTRACT SUM & FINAL ACCOUNT

A%'(*+, - C-,/0 S'* The Certificate adjustments of Contract Sum were introduced for the purpose of adjusting the amount of the contract price. The total contract price shall be adjusted to take into account any additional or lack of the total contract price.

A%'(*+, - F,0 A-', Final account is an accounts that are provided to show the payments that have been made including defects, claim for damages or extra expenses. Final accounts must be provided as soon as possible after the contractor to meet its obligations under the contract

• Adjustment of the contract sum in the nal account falls under several relevant items which is listed in the standard form of contract and conditions • Sums that are to be Deducted :a) prime cost sums b) provisional sums c) variations that are omissions d) any other amount that are to be deducted from the contract sum/

• An important part of the contractor’s quantity surveyor’s work is the agreement of the Final Account. • Both Client’s Quantity Surveyor and Contractor’s Quantity Surveyor to work together to produce an agreed statement of the amount money to e paid at the end of a uilding contract y the employer to the contractor

 The person who is responsible to prepare the Adjustment of ontract Sum and !inal Account a) ontract "ana#er b) Senior $uantity Surveyor Duties: c) %e-measurements usually done by the junior $s& d) Adjustment' (' !orm A*+ , *+ , ne#otiation with the contractor by the Sr& $S& e) !inal Account by the ontract "ana#er

Ad!ustment of Contract Sum includes " a# A$% & Arahan $eruahan %er!a # $'% ( $elarasan 'arga %ontrak  c# $rovisional Sum

Ad!ustment of Contract Sum includes

a# A$% & Arahan $eruahan %er!a •) ontinuity of board approval on (&' A*+ are re.uired& •) onsist of instructions to be carried out by the ontractor •) Any claim due to this ( will be hi#hli#hted in this form& •) S& and ontractor to si#ned if a#reed)

#$'% ( $elarasan 'arga %ontrak  •) After nali0ed the A*+' new contract sum will be adjusted accordin#ly •) All collective A*+ will be summari0ed •) 1ndorsement and a#reement from both parties

Ad!ustment of Contract Sum

c# $rovisional Sum • !or a specic element of the wor2s that is not yet dened in enou#h detail for tenderer to price& •  To#ether with a brief description' allows tenders to apply mar2 up and costs within their overall tender price& •  The adjustment is made after completion of wor2s and nal cost is ascertained& *rovisional Sums that are not used shall be deducted from the ontract Sum

Ad!ustment of Contract Sum d# $rime Cost Sum • is an allowance that calculated by the consultant for the supply of wor2 or materials to be provided by a contractor or supplier that nominated by the client& •  The wor2s is awarded to the nominated subcontractor / supplier& mit the ori#inal * Sum and add the awarded 4S5s/4S5s contract sum and prot and attendance which is allowed in ontract& •  The nal adjustment is made after completion of wor2s and nal cost is ascertained& * Sums that are not used shall be deducted from the ontract Sum&

Ad!ustment of Contract Sum e# %%S & %elulusan kuantiti Sementara • is an allowance that calculated by the consultant for the supply of wor2 or materials to be provided by a contractor or supplier that nominated by the client& •  The wor2s is awarded to the nominated subcontractor / supplier& mit the ori#inal * Sum and add the awarded 4S5s/4S5s contract sum and prot and attendance which is allowed in ontract& •  The nal adjustment is made after completion of wor2s and nal cost is ascertained& * Sums that are not used shall be deducted from the ontract Sum&

)*ample $'% Form

• $elarasan 'arga %ontrak $'% agi item + Credit for ,aterial for the ,aterial on Site-. • $elarasan harga dinilai mengikut kiraan yang telah ditetapkan.

)*ample A$% Form

• Arahan $eruahan %er!a(ker!a tamahan untuk memekalkan $eralatan )lektrik.

)*ample A$% Form • Arahan $eruahan %er!a(ker!a tamahan untuk memekalkan $eralatan )lektrik. • $ermohonan untuk mendapatkan kelulusan $eruahan %er!a. • i nyatakan huraian ker!a/ anggaran peruahan ker!a 0 $enca(punca peruahan ker!a.

$reparation of Ad!ustment Contract Sum •  Total contract price adjustment certicate must be prepared and remove when the total contract price should be adjusted& 6t covers variation order& • All items in the certicate must be properly lled • Date is the date the certicate is a certicate si#ned ** • alculation detail of the adjustment must be

appended e7cept for adjustments due to chan#es in wor2& •  The certicate must be si#ned by the ** and the ori#inal shall be issued to the contractor&

$reparation of Final Account •  The contractor have to provide the architect or $S with all documents necessary for the nal account preparation not later than 8 months after practical completion& 9ithin  months of for the architect or $S to prepare the nal account sum and send this to the contractor •  The area to be cover under preparations of !inal Account:  – (ariations  – %e-measurement of provisional .uantity in the ontract ;ills  – 4S account  – 4ominated supplier account  –