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Importance of maintaining adequate records for prolongation claims

By: Series: Surveyors' Times [Hong Kong Institute of Surveyors] ; 13(4) April 2004, 24-25(2)Publication details: 2004Subject(s): Summary: Stresses the importance of keeping accurate records on performance and cost, especially to support and prove financial claims in the construction industry. Efficient use of cost codes should be particularly comprehensive to enable specific information to be extracted quickly and simply. Concludes this early organisation can help avoidance of future problems. Suggests poor records can mean it is difficult to justify why work is delayed.

Stresses the importance of keeping accurate records on performance and cost, especially to support and prove financial claims in the construction industry. Efficient use of cost codes should be particularly comprehensive to enable specific information to be extracted quickly and simply. Concludes this early organisation can help avoidance of future problems. Suggests poor records can mean it is difficult to justify why work is delayed.