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Specialist-Vendor Final Account Audit

Damac Properties

The Role

Overview

Lead final account closure, variation resolution, and compliance for contracts.

Key Responsibilities

  • contract compliance
  • account closure
  • reporting
  • claim resolution
  • reconciliation

Tasks

-Contractual Compliance: Ensure final accounts are closed in accordance with contract terms, including FIDIC or bespoke forms. -Final Account Closure: Lead the close-out process for main contracts, specialist sub-contracts, and consultant agreements, ensuring all commercial matters are resolved. -Reporting: Prepare final account summaries and close-out reports for internal approval and financial archiving. -Variation & Claim Resolution: Review and validate all outstanding variations, claims, and provisional sums prior to final account agreement. -Reconciliation & Verification: Reconcile interim payments, retention, and contra charges to arrive at accurate final settlement figures.

The Company

About Damac Properties

-Known for transforming skylines with iconic towers, they specialize in residential, commercial, and hospitality projects. -Their portfolio includes high-end apartment complexes, villas, offices, and retail spaces in premium locations. -Their projects include collaborations with world-renowned brands like Versace, Fendi, and Bugatti. -With a focus on quality, luxury, and design innovation, they continue to redefine urban living. -Their work spans across the UAE, Saudi Arabia, Qatar, Jordan, and beyond.

Sector Specialisms

Residential

Commercial

Luxury Hotel Projects