Completion settlement: Completion settlement is a method to settle the project price between the construction unit and the construction unit, which refers to the final settlement of accounts payable and accounts receivable of the project by both parties after the project is completed.

Final accounts for completion: Final accounts for completion are a comprehensive reflection of the economic benefits of the construction project, and are the basis for the project legal person to verify the value of various new assets and handle the delivery.

Characteristics of completion settlement and final accounts:

Project completion settlement is divided into three types: unit project completion settlement, single project completion settlement and construction project completion summary.

Through final accounts, on the one hand, the actual cost and investment results of construction projects can be correctly reflected; On the other hand, through the comparative analysis of final accounts, budget estimates and budgets, we can evaluate the effectiveness of investment control, sum up experiences and lessons, accumulate basic technical and economic data, and improve the investment benefits of future construction projects.

The above contents refer to:

Baidu encyclopedia-final accounts of completion

Baidu encyclopedia-completion settlement