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Definition Prime Cost Sums

The term "Prime Cost Sum" shall mean a sum provided for work or services to be executed by a Nominated Sub-contractor or for material s or goods to be obtained from a Nominated Sup...
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Dear Isura, Thank you for your question. I am however uncertain if I properly understood your points: 1. You are talking about a Lump Sum. These contracts are based either on a Sch...
http://en.allexperts.com/q/Construction-Law-914/20...
A Prime Cost item is a builder’s estimate of the cost of delivering and fitting of appliances, or other such items, which you have not selected at the time of signing the contract....
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A. Refurbishment (or sometimes new) works including building and engineering services works, temporary services and accommodation, demolition, decanting costs and associated consul...
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The essential difference between a PS and a PC is that PS’s require the supply of items and installation work, whereas PC’s are supply of items only. This means the PS allowance is...
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Definition Prime Cost Sums

Prime cost sums should not be confused with provisional sums which are allowances for specific elements of the works not yet defined in enough detail for  ...
www.designingbuildings.co.uk
A.8 PRIME COST SUM AND PROVISIONAL SUM. Information. ' Provisional sum' is defined as a sum provided for work or for costs which cannot entirely be ...
ocw.utm.my
25 Nov 2011 ... Prime Cost Sums in Construction Contracts. Prime cost ... Definition of Prime cost by ICE (Institution of Civil Engineers, Great Britain). "Prime ...
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