Final invoice
The concluding, verifiable accounting of the entire construction service after completion; the basis for the maturity of the remaining remuneration.
With the final invoice the contractor sets out the entire service rendered and offsets part payments already made. It must be verifiable, that is, broken down comprehensibly by items, quantities and prices. Only a proper final invoice usually makes the remaining remuneration due.
Often the retention money and any counterclaims for defects are taken into account in the final invoice. OENORM B 2110 contains rules on checking and payment periods for this.
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Legal basis
Statutory texts for orientation; the version in force at the relevant time prevails.
This explanation gives a general overview of Austrian law and does not replace advice in an individual case. The specific circumstances of your construction project are always decisive.
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Remuneration for the works
The contractor's payment for the works produced; in principle due only on completion of the works (section 1170 ABGB).
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Retention money
A portion of the remuneration withheld by the client during the warranty period as security for defects; typically a few percent of the final invoice.
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Unit price
A price per unit of performance (for instance per square metre or cubic metre); accounting is based on the quantity actually rendered.
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OENORM B 2110
The central Austrian standard for contracts for construction works; it applies only where its validity has been agreed and then supplements construction contract law.
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