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Financial and technical control of construction combines an engineering assessment of the facility with an analysis of cost estimates, contracts, actual work quantities, and settlements with contractors.
Its main purpose is to determine which works have actually been completed, whether they comply with the design, and whether the amount submitted to the client for payment is justified.
Such control is particularly important when several contractors are involved, design solutions are frequently changed, additional works arise, or there is a risk of exceeding the construction budget.
Financial and technical control in construction considers the technical and financial aspects of a project as a single system.
It is not enough to check only the amount stated in an acceptance document. First, the actual quantity of completed work must be confirmed, the quality of the result assessed, and the availability of the required as-built documentation verified. The confirmed quantity is then compared with the cost estimate, contractual rates, and previous payments.
As a result, the client understands which works can be accepted and paid for, which amounts require adjustment, and how much funding may be required to complete the construction project.
Control begins with an analysis of contracts, design and cost-estimate documentation, the approved budget, and the procedure for settlements with contractors.
Specialists verify whether estimated quantities correspond to the design solutions, whether the cost of works is justified, and whether duplicate items are included. Additional agreements and changes that may affect the final project cost are analysed separately.
Verification of cost-estimate documentation in this case is not a state expert review. It is carried out in the interests of the client and helps assess whether the costs of a specific project are justified.
Completed work quantities should not be verified solely on the basis of documents submitted by the contractor.
Declared quantities are compared with the design, the actual condition of the facility, as-built drawings, work logs, acceptance documents, and measurement results. This makes it possible to identify incomplete, duplicated, or overstated quantities.
For example, the quantity of concrete can be checked against the dimensions of completed structures, the area of finishing works against the premises actually completed, and the length of utility networks against as-built drawings and control measurements.
Before signing an acceptance document, it is necessary to confirm not only that the work exists, but also that it is ready for acceptance.
If a structure is only partially completed, has unresolved defects, or lacks the required supporting documentation, including its full value in the payment creates additional risk for the client.
When checking acceptance documents, specialists compare the reporting period, work area, actual quantity, contractual price, and previously signed documents. This helps prevent duplicate payment and payment for unconfirmed works.
Delivery of materials to the construction site does not always mean that construction work has been completed. The procedure for paying for materials must correspond to the terms of the contract.
An actually completed quantity cannot automatically be regarded as properly completed work.
A structure may have the required dimensions but still fail to comply with the design, construction technology, or requirements for the materials used. Financial verification should therefore take into account the results of technical control.
For continuous quality control on site, technical supervision of construction is carried out, while financial and technical control supplements it by verifying quantities, costs, and settlements.
As-built documentation should confirm where, when, and how the work was completed.
Acceptance reports, work logs, as-built drawings, test reports, and material documentation are compared with the area submitted by the contractor for payment.
Particular attention is paid to dates. Concealed works must be inspected before the structure is covered, while testing of engineering systems must be completed before their acceptance.
Additional works are one of the main reasons for construction budget increases.
Before they begin, the technical necessity of the change should be confirmed, the quantity determined, the cost agreed, and the impact on the schedule assessed.
If a contractor performs additional works without prior approval, the client is left with an altered facility but without a pre-approved price or a clear basis for payment.
Changes should therefore be controlled before implementation rather than reviewed only after an invoice has been received.
Delays may increase the cost of site maintenance, equipment rental, the engineering team, and repeated mobilisation of contractors.
Financial and technical control links the actual readiness of the facility with the payment schedule and the remaining budget.
Based on signed contracts, completed quantities, expected changes, and outstanding works, a forecast of the cost required to complete the construction project is prepared.
For more detailed control of the overall schedule, construction project management is used.
Technical supervision focuses on the quality of works, compliance with the design, materials, and as-built documentation.
Financial and technical control additionally analyses cost estimates, actual quantities, cost of works, payments, and the financial consequences of changes.
A properly completed structure does not by itself confirm that the amount submitted for payment is correct. Likewise, compliance of the cost with the estimate does not prove the quality of the completed work.
As a result, the client receives a report containing confirmed and unconfirmed quantities, identified overstatements, technical comments, a budget assessment, and a forecast of costs required to complete the facility.
Each finding should have a clear basis, such as a design drawing, contractual item, measurement result, missing document, or identified non-compliance.
Such a report can be used during work acceptance, payment approval, and negotiations with the contractor.
The cost of financial and technical control depends on the project stage, number of contractors and contracts, condition of the documentation, construction budget, and required depth of verification.
When specialists become involved in an ongoing project, it may also be necessary to reconstruct the payment history, review previously signed acceptance documents, and determine the actual readiness of the facility.
The exact cost is therefore calculated after a preliminary review of the documentation and the client’s objectives.
We provide financial and technical control of construction in Tashkent and other regions of Uzbekistan.
The scope of work may include analysis of budgets and cost estimates, verification of actual quantities, quality of works, contractor settlements, and forecasting the final cost of project completion.
Financial and technical control helps the client pay only for confirmed quantities and identify the risk of budget increases in a timely manner.
The greatest benefit is achieved when verification is carried out before acceptance documents are signed and payments are made, while identified discrepancies can still be resolved without recovering funds or entering into lengthy disputes.
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