1-10 of 280 results for 'provisional sum'
Provisional sum
A sum included in the contract for foreseeable work, which could not be fully described at the date of the contract, because some details were ...
Prime cost items and provisional sums
Published: 24 November 2011 | Edited: 14 September 2020Most building contracts include provision for prime cost items and provisional sums. A prime cost item is an allowance in the contract for the supply ...
Guide letter 30: Advice to client - expenditure against provisional and prime cost sums
Published: 20 December 2011 | Edited: 26 May 2021Guide letters provide advice about matters architects should consider when composing letters to the parties involved in architectural projects. 1.
One way of anticipating and identifying up-front potential delays and avoiding undue surprises of costs after clients have made a financial ...
Contingency sum
A sum of money included in a building contract or preserved outside it for expenditure, if necessary, on matters unforeseen at the time that the ...
A contingency sum is an amount of money, usually expressed as a percentage, included in the project budget to allow for the unknown or unresolved ...
This advice is to assist clients in understanding the use of a contingency sum as a cost and budget management tool through the various stages of a ...
Prime cost sum
A sum included in the contract for a foreseeable 'off the shelf' item, the precise identity of which was not known or had not been decided at the ...
Project budget
An amount established by the client which represents the total available funds for the project including building costs, provisional sums, escalation ...
Contingency sum – design
A sum of money allowed in the project budget to cover the cost of matters that are unknown or unresolved at the time the budget is established. The ...