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You can download a template of our final account in excel, this is great when closing construction accounts.

Quick note on the final account certificate

The final account certificate can signify both the contract administrator’s satisfaction with the work and the amount finally due to the contractor, depending on the conditions of the contract. According to JCT SBC 11, clause 4.15 dictates that an obligation is established to issue a certificate within two months after rectification is complete – though it often takes much longer. This can be for a variety of reasons: perhaps the last portion of retention isn’t significant enough for the contractor to chase; alternatively, there may be other projects deemed more lucrative than one that only offers the final part of the fee account; or when it’s issued, changes in premiums to professional indemnity insurance may be required.

Download the final account certificate template here

Accounts
Accounting