Interim applications & final accounts

It is unfortunately very common for differences to arise between the amounts claimed in one party’s interim applications & final accounts and the amount valued or certified by the other.

Disputes can arise over the amount of work completed, the value of work billed, deductions made for allegedly defective work, or even contra-charges or liquidated damages.

Well-prepared interim applications & final accounts reduce the likelihood of disputes and increase the success of your claims for payment.

Well-prepared interim applications and accounts reduce the likelihood of disputes and increase the success of your claims for payment. If formal dispute resolution is unavoidable then the better prepared your claims are, the greater your chances of success.

How we can help with your interim application

An interim application is an application for payment made during a construction project for work completed up to a certain point.

A well-prepared interim application can help avoid disputes and increase the amounts you are paid.

Our specialist legal knowledge, combined with high standards of presentation, will guarantee that any documentation we prepare becomes a valuable tool for negotiation, settlement or, if necessary, formal dispute resolution proceedings.

Having well-prepared interim applications for payment will vastly increase your chances of reaching a favourable outcome. Documentation that can be easily relied on in formal dispute resolution procedures such as adjudication is essential. If the other party can understand the basis of your entitlements and see that you have put work into explaining them, they are also much more likely to settle.

Final accounts

Construction contracts often provide for a final account to be issued at the end of the project. Sometimes these have important legal consequences, such as preventing further claims from being made unless disputes are raised or construction adjudication is started within a certain timescale.

Understanding this process and producing a well-prepared final account is essential. This is another area where we can help. We will identify anything missing which can be claimed for and ensure your final accounts are dealt with promptly and in accordance with the relevant contractual and statutory provisions.

Payment notices and pay less notices

Interim applications & final accounts must be dealt with promptly so that payment notices and pay less notices are issued as appropriate. Otherwise sums can become due on a ‘default’ basis. This results in so-called smash and grab adjudications or, even worse, in the case of the final account, can become final and binding.

It is therefore important to take specialist advice. We can help ensure that these procedures are complied with and advise you on the best course of action to take when they are not.

Free initial consultation

We offer a one hour free initial consultation to new clients. Please contact us by phone, email or using our contact form for a free initial consultation to discuss how we can help you.

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