Table of Contents

ACKNOWLEGDEMENT.......................................................................................................... i

INTRODUCTION.................................................................................................................... 1
1.0

PREPARATION OF FINAL ACCOUNT........................................................................2

1.1

Definition of Final Account...........................................................................................2

1.2

The Purpose of Final Account......................................................................................2

1.3

Party Involved in Preparation of Final Account.............................................................3

1.3.1

Contractor.............................................................................................................3

1.3.2

Employer.............................................................................................................. 3

1.3.3

Consultant............................................................................................................ 3

1.4

Final Account Requirement..........................................................................................4

1.5

The Important of Final Account....................................................................................4

1.6

General Content in Final Account................................................................................5

1.7

Procedure in Form of Contract PWD 203 / 203a (Rev. 1/ 2010)..................................7

1.8

Main Problems Encountered.....................................................................................10

CONCLUSION...................................................................................................................... 11

REFERENCES..................................................................................................................... 12
APPENDICES...................................................................................................................... 13
APPENDIX 1..................................................................................................................... 14