Customer Abstracts Program from SAWA123 for Contracting Companies

Customer Abstracts

It contains the same data as the subcontractor's abstract and is approved by the consultant after determining the deductions and additions, taking into consideration what has been previously disbursed.

It serves as a claim from the client for what has been executed and deserves disbursement. The customer abstracts are ongoing throughout the project period, with a final abstract at the end of the project.

Client Financial Status Report

This report provides the financial status of the projects that have been carried out on a specific project or all projects. It illustrates the value of the work, including additions and deductions such as:

(Work insurance – Deduction taxes – Social insurance – etc.). It then calculates the net abstract value after deducting amounts that have already been disbursed, resulting in a report of the amounts due for disbursement.

Daily Abstracts Report

This is a detailed report of the abstracts conducted on the project. It is divided into abstracts issued to the client and those received from subcontractors. The report outlines the value of the work, including additions and deductions such as:

(Work insurance – Deduction taxes – Social insurance – etc.). It calculates the net abstract value after deducting amounts that have already been disbursed, providing a report of the amounts due for disbursement. The report serves as a daily summary of the financial transactions related to abstracts on the project.