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Check Out Our Procedure of Preparing a Progress Claim Essay

Two formats of preparing a progress claim are Full Trade Brake up and pre-determined staged payments.

The Full Trade Break-ups are prepared while stating each and every trade’s value involved in the tender. The example is as given in the Full Trade Break-up provided above.

Then, with the job’s progress, claims are made based on the value percentage of completed work at each trade by the time of presenting the claim.  This is done as in the example below:

TRADE

VALUE

PERCENTAGE

COMPLETE

COMPLETE CLAIM VALUE

Structural Steel

$54,000

45%

$24,300

Excavation Expenses

$23,450

75%

$17,587.50

Roofer

$5,500

100%

$5,500

Painter

$24,000

40%

$9,600

Landscaper

$74,000

48%

$35,520

Site Works

$1,454

78%

$1,134.12

Concreter

$110,450

80%

$88,360

Preliminaries

$202,854

78%

$158,226.12

13 February 2011

Contract Reference: GRT764

Giovanna & Sons Holdings Ltd.

35454-001 Millennium Street

Southern State

RE: JOB NO. 879

PROGREES CLAIM NO. 4

 

Debit

Credit

CONTRACT PRICE VALUE  $ 900,000

 

 

Works Completed to Date (0.45*900,000)

405,000.00

 

Less Amount of Money Received to Date

 

250,000

Variation No.1 Kitchen

Variation No.2 Extended Verandah

Variation No 3.Extended Water Shelter

2,540

2,000

 

 

3,400

SUB TOTAL

$ 409,540

$ 253,400

 

 

 

PROGRESS CLAIM NO. 4

$ 156,140

 

 

REVISED CONTRACT SUMMARY

 

Debit

Credit

CONTARCT PRICE VALUE

$900,000

 

Variation No.1 Kitchen

Variation No.2 Extended Verandah

Variation No 3.Extended Water Shelter

 

2,540

2,000

 

 

 3,400

SUB TOTAL

904,540

3,400

 

 

 

REVISED CONTRACT PRICE VALUE

$ 901,140

 

 

PART B: (I)

RE: JOB NO. 7686

PROGREES CLAIM NO. 4

 

Debit

Credit

CONTRACT PRICE VALUE  $ 900,000

 

 

Works Completed to Date (0.45*900,000)

405,000.00

 

Less Amount of Money Received to Date

 

250,000

Variation No.1 Kitchen

Variation No. 2 Extended Verandah

Variation No. 3 Water Shelter

Variation No. 4 Tiles Fixing

2,540

2,000

 

 

3,400

8,800

SUB TOTAL

$ 409,540

$ 262,200

 

 

 

PROGRESS CLAIM NO. 4

$ 147,340

 

 

Part B: (II)

The procedure for lodging a claim:

First is to identify who received the variation advice, then state the scope of the work in the variation advice, elaborate how the Variation Advice is to be completed, identify if an extension of time is require or not, and if so, document it, cost the variation as per the table below, submit the variation, and eventually, the variation is received and approved.

13 February, 2011

Contract Reference: GRT764

Giovanna & Sons Holdings Ltd

35454-001 Millennium Street

Southern State

VARIATION PRICE REQUEST NO. 6

GIOVANNA & SONS HOLDING, UNITS

DESCRPTION OF

WORKS

The Owner of the Construction requested for an additional service which involved the Carpeting of the two units, i.e. the two storeys plus the garage.

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