Provisional Sum

Provisional Sum. PROVISIONAL SUM our price lists A LA CARTE INSPECTION MENU estimated cost @ R100000 per visit (depending on requirements / determined after initial meeting) advice of a construction specialist valuation inspection at intervals of project inspection of specific contractor.

Provisional Sums – Back to Basics Part 2 – (under JCT Contracts) Part 1 of this series on provisional sums considered a pertinent case law definition and the contractual procedure for how such works shall be valued The second part of this series examines the alternative procedures for the valuation of provisional sums that exist in many.

Provisional Sums And Prime Cost Rate Kamal Dubey For

Prime Cost (PC) Sums or Items (as well as Provisional items costs & quantities) can be used as allowances for items of work required and are to be included in the contract but that are yet to be specified identified confirmed quoted fully determined or documented If used wisely they are a handy tool for cost management.

Provisional sums – An introduction Sintons Newcastle

Generally provisional sum is an amount allocated for a specialized work by a specialized firm for which the details are not available at the time of tender The provisional sum amount will be a best guess at the time of tender by the employer or contractor depending upon the type of provisional sum.

Provisional Sums Back to Basics Part 1 Definition and

A provisional sum is more to do with an unclear specification or area of work a great example of this is when pricing earthworks Often due to the nature of simply not knowing what may be lurking beneath the surface it makes more sense to allow a reasonable provisional sum for this trade or at least the excavation portion of the trade due to the potential unknowns.