Cost to complete
What the other party says it cost to finish your work after terminating your contract, which it usually tries to recover from you.
by Jack Butler-Kettle · About 1 min readShare
Further detail
After termination, the replacement cost must be distinguished from the unpaid balance of the original work and any wider damages claim. Additional scope, defects and inefficiency may need separate treatment. Liability and the accounting method depend on the contract and the circumstances of termination.
Reconcile the remaining scope, commitments, forecast rates and risk allowances at each reporting date. Our Project cost reporting and cost value reconciliation service updates the ordinary completion forecast. After a contested termination, Termination account preparation and assessment examines the resulting account and replacement-cost evidence.