Responsible for compiling and reviewing the project settlement report after completion of the engineering, assist the client in completing the overall and subcontractor settlement work based on project documents.
Preparing engineering budgets and settlements is a labor-intensive task with a vast amount of data and numerous policy and technical issues. Consequently, reviewing cost consultation reports is also a technical, policy-oriented, and economically significant task. The main review focuses on whether the calculation of quantities and the application of budgeted unit prices are accurate, and whether the standards for various expenses comply with current regulations. If proper preparation is done before the inspection and appropriate inspection methods are employed, reviewing the engineering budgets and settlements can potentially achieve a multiplier effect.
Completion settlement refers to the cost estimate compiled after the completion of a project, based on documents such as the completion drawings, meeting minutes, design changes, and on-site approvals related to the project cost. It is a summary of the project or sub-project after acceptance, ensuring that the scope, content, and pricing standards of the settlement align with the contract scope; the quantities shown in the completion drawings match the actual completion, with accurate calculations; completion of work and services. The supplied materials and equipment must meet the quality requirements stipulated in the contract and pass inspection.
Combine with the profit completion and final account filing, auditors should pay attention to the strategy and rhythm of settlement auditing.
