Final account disputes - last but not least

By Ian Yule2019-03-14T06:00:00

Disputes over the final account can drag on for years, but the latest NEC and FIDIC contracts can help avoid that happening

Experienced employers and their advisers will know that a project that is all finished apart from the main contractor’s final account is not finished at all. Discussions on the final account can drag on for months or years. A snap adjudication instituted by the contractor may even then catch an employer out. The employer will have to revisit issues that may have gone cold, and with its key persons possibly no longer in place.

This is a problem to which there is no failsafe solution. However, the most recent versions of NEC and FIDIC (NEC4 and FIDIC 2nd edition) have introduced changes designed to speed up the resolution of post-completion financial matters.

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