Issues and challenges faced by quantity surveyors during final account preparation / Nur Khairina Khairul Hisham
Final account closing as a conclusion of sum at the end of the construction project is important. lt comprises of all necessary adjustment that an employer has agreed to pay to the contractor for the work done that has been executed under the main contract. Quantity surveyors display their competen...
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| Main Author: | |
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| Format: | Thesis |
| Language: | English |
| Published: |
2020
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| Subjects: | |
| Online Access: | https://ir.uitm.edu.my/id/eprint/37450/1/37450.pdf |
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| Summary: | Final account closing as a conclusion of sum at the end of the construction project is important. lt comprises of all necessary adjustment that an employer has agreed to
pay to the contractor for the work done that has been executed under the main contract. Quantity surveyors display their competencies in preparing final account by
preparing the certificate without being disputed and in a timely manner. However, issues and problem usually occurred during the rolling of final account which often
relates to quantity surveyors' competencies. The purpose of this research is to study challenges faced and competencies displayed by quantity surveyors as well as
strategies to be implemented in relation to the final account preparation. This research utilised analysation of court cases obtained from Malaysian Law Journal. ln addition, extensive literature review is being conducted to identify challenges faced, quantity surveyors' competencies as well as strategies that can be implemented during final
account preparation. Furthermore, questionnaire survey is being adopted to reach research objectives. The study revealed that submission of documents by contractor,
improving quantity surveyors' skills in pro1ect finance control and reporting and providing enough allocation for cost contingencies are crucial to ensure successful
final account closing. This research is expected to provide knowledge related to the preparation of final account by quantity surveyors which then lead to a more satisfactory construction project deIiverance. |
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