Title: Study on Improvement of Financial Settlement Method Based on Contract Management
Abstract:In financial settlement of actual projects,the employers often require the contractors to formulate the settlement documents again regardless of the completed amount of work and variation certificates...In financial settlement of actual projects,the employers often require the contractors to formulate the settlement documents again regardless of the completed amount of work and variation certificates formulated during the interim payment,which does not reflect the link between the interim payment and settled amount.The paper,referring to FIDIC conditions of 1999 edition,explicates how to form contract price during the interim payment based on contract management,suggesting that settlement auditing should focus on monitoring the implementation of the contract so as to improve the settlement method,to reduce the amount of work of settlement formulation and audit,to avoid duplication of efforts,and to improve the accuracy and efficiency of the completion settlement.Read More
Publication Year: 2013
Publication Date: 2013-01-01
Language: en
Type: article
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