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Definition Prime Cost Sums?

Answer

The definition of prime cost sums or PC sums is an allowance usually calculated by the price consultant for the supply of work or materials to be provided by a contractor or supplier that will be nominated by the client. The allowance is independent of any mark up or labor by the main contractor. This term should not be confused by provisional sums which are allowances for specific works not defined enough in detail or scope.
Q&A Related to "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
http://wiki.answers.com/Q/Need+of+prime+cost+sum
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 Schedule
http://en.allexperts.com/q/Construction-Law-914/20...
A. Refurbishment (or sometimes new) works including building and engineering services works, temporary services and accommodation, demolition, decanting costs and associated consultant
http://www.experts123.com/q/what-is-included-in-th...
Prime costs and provisional sums are slightly different concepts. However, they both require the builder to use reasonable care and skill in his or her calculations. Prime cost items
http://www.mbav.com.au/vpLink.aspx?ID=8081
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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 ...
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 ...
A prime cost sum is an amount that is included in a bill of quantities so that it covers the supply of materials or bit of work to be done by a supplier or a nominated ...
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