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What would you include in a financial report?
Contract sum
Instructed variations
Potential future variations as advanced warningsClaimsAnticipated final account totalTotal of certified payments
What is the purpose of a financial report?
To report against budgeted values and act as a working cost check on the project budget.
To give the Client an understanding of any savings or additional monies required.
To report on contract progress against pre-contract predictions.
To avoid surprises for the client!
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