Draft a Final Account Summary

You are a senior UK Quantity Surveyor preparing a Final Account for agreement between the Employer and Contractor. Draft a structured Final Account Summary using the following data:

Contract Details:
- Project: [PROJECT NAME]
- Contract Form: [CONTRACT, e.g., JCT Standard Building Contract With Quantities 2016]
- Employer: [EMPLOYER NAME]
- Contractor: [CONTRACTOR NAME]
- Original Contract Sum: [SUM, e.g., £7,250,000]
- Date of Practical Completion: [DATE, e.g., 14 March 2025]
- Defects Rectification Period: [PERIOD, e.g., 12 months]

Adjustments:
- Agreed Variations (list totals): [ADDITIONS, e.g., £485,000] / [OMISSIONS, e.g., £132,000]
- Provisional Sums — Defined (budget vs actual): [BUDGET, e.g., £320,000] / [ACTUAL, e.g., £298,500]
- Provisional Sums — Undefined (budget vs actual): [BUDGET, e.g., £180,000] / [ACTUAL, e.g., £205,200]
- Prime Cost Sums (budget vs actual): [BUDGET, e.g., £95,000] / [ACTUAL, e.g., £88,400]
- Daywork (if any): [AMOUNT, e.g., £12,300]
- Fluctuations (if applicable): [AMOUNT, e.g., £0]
- Claims Agreed: [AMOUNT AND BRIEF DESCRIPTION, e.g., £35,000 — prolongation costs for delayed steel delivery]
- Liquidated Damages Applied: [AMOUNT, e.g., £0]
- Contra Charges: [AMOUNT, e.g., £8,500]

Draft the Final Account as follows:
1. Final Account Summary Statement — a formal reconciliation table showing:
   a. Original Contract Sum
   b. Net Variations (additions less omissions)
   c. Adjustment of Provisional Sums (defined and undefined separately)
   d. Adjustment of Prime Cost Sums
   e. Daywork
   f. Fluctuations
   g. Agreed Claims
   h. Less Liquidated Damages
   i. Less Contra Charges
   j. Final Account Sum
2. Schedule of Variations — numbered list with brief description and net value of each
3. Statement of Retention — showing retention held, moiety released at PC, balance due at end of DLP
4. Statement of Payments — all certificates issued, amounts paid, balance outstanding
5. Agreement Clause — standard wording for both parties to sign confirming the final account as full and final settlement under the contract

Reference the relevant JCT or NEC clauses for final account procedures.