Final account

The final account is the last stage of the commercial process on a construction contract: the agreed statement of everything due once the work is complete and all variations, provisional sums and claims have been assessed. Agreeing it closes out the contract financially.

Getting to a clean final account is far easier when costs have been tracked accurately throughout, rather than reconstructed at the end. Sync’s cost tracking keeps budget, committed and actual figures current across the job. The release of the final retention usually follows.