What does the final project settlement include?
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Is an engineering final account an examination of economic data, involving three stages: first review, second review, and third review? How long will it take approximately? Can the completion acceptance be carried out once the project final accounts are settled?
Final accounts: Include all actual costs throughout the entire process from fundraising to completion and commissioning, that is, construction costs, installation costs, expenses for purchasing equipment and tools, as well as reserve funds and investment direction adjustment taxes. In accordance with the relevant regulations issued by the Ministry of Finance, the **National Development and Reform Commission, and the Ministry of Construction, the final financial settlement for a project consists of four components: the description of the final financial settlement, the financial settlement statements, the as-built drawings of the project, and a comparative analysis of the project’s construction costs. The first two parts, also known as the financial settlement for the completion of construction projects, constitute the core content of the final settlement. It’s hard to say exactly when it will happen; it depends on the speed at which the construction party prepares the final accounts and on the speed of the audit process. The project is first subject to completion inspection, and only after passing the inspection is the final accounting for the project carried out