Claims Resolution—Settlement Memorandum Template
Project Title:
Project no:
Contractor/Consultant:
General: This memo serves to provide the background for the proposed final claim settlement with the contractor.
Date:
- Project Background
- Contract Background
- Contract Amendments
- Delay/Impact Claim (Edit to suit the type of claim)
- Claim Negotiation/Settlement (to be completed)
- 5.1 The amount claimed was reviewed, found to be fair and reasonable and deemed payable:
explain… - 5.2 The time required to provide the services was fair and reasonable and based on industry standards and our experience with other projects of this scope/size:
explain… - 5.3 The final labour cost negotiated was based on hourly rates (or other cost factors) as set out in the contract. These rates are generally in line with industry standards:
explain… - 5.4 The litigation risk value was estimated by Legal Services at the following value:
- 5.5 The legal exposure risk was evaluated as follows:
explain…
Financial
Original Construction Contract - $ (Goods and services tax included (GSTI))
Preapproved Amount for Anticipated Amendments - $
Total project approval: - $ (GSTI)
Original Construction Contract - $ (GSTI)
Change Orders Previously Approved - $
Proposed Settlement - $
Total Project Cost - $ (GSTI)
Recommendation:
Recommended: Project Manager
Recommended: Senior Project Manager
Approved: Director
Approved: Director General
- Date modified: