-VALUATION OF CONSTRUCTION WORK

In most construction contracts, the contractor is paid monthly. LAD will value the work carried out each month on the project and submit a recommendation for payment.

LAD will stay with the project right to the settlement of the accounts, when all necessary adjustments are dealt with. The surveyor will also prepare any analysis of the final account which may be required, prepare statements of expenditure for tax or accountancy purposes, and assess the project's replacement value for insurance.

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