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Avoid uncalculated contract risks from day one

'Keeping track of and agreeing costs as the project progresses is the best way to make sure you recover your costs at the end of a construction contract - we call it 'Day 1 Final Accounting'.

At Quantum we firmly believe in 'Day 1 Final Accounting', but what is it?

It should be part of every Sub-Contractor's Final Account Control!

Effectively it is a way of working that means from the very start of a project we seek to confirm and agree all cost aspects as it progresses. By adopting this approach and not leaving it to near the end of the project, we can ensure that upon completion, or shortly thereafter, the account can be agreed.

Costs will be confirmed as the works progress and the employer will have an up-to-date accurate projection of the final account at every juncture. This eliminates any 'surprises' and maximises your chances of recovery.

It's all about giving your employers a clear picture of what is happening as your work progresses. They will be aware of the effect that any changes are having upon the original contract sum when the changes are being requested, and as such, this enables them to make more informed decisions in making changes which they are happy to pay for.

The upshot is that Day 1 Final Accounting increases the chances of financial recovery for Sub-Contractors - and that can only be a good thing!

How Quantum CPM can help with Final Account Control

We help Sub-Contractors to ensure accurate records are kept throughout every project and that applies to costs as works progress through our expertise in Day 1 Final Accounting.

This is a key part of our Final Account Control service which makes sure our clients' Final Accounts are submitted on time after completion of jobs - properly prepared first time with appropriate back-up. It's a structured and monitored approach to the submission of accounts, using appropriate accounting techniques, which helps Sub-Contractors to avoid disputes.

It is part of our bundle of services designed to help Sub-Contractors protect themselves more comprehensively in construction projects and make sure their services can be delivered as promised with the minimum fuss or risk of financial loss. These start with Contract Vetting prior to even agreeing to work on the project right through to Retention Fund Management.

For a free initial consultation, contact Quantum CPM on 0161 974 6655 or email .

Find out more about our bundle of services.