What is the definition of prime cost sums?


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 "What is the definition of 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
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
There is an allowance made in home building contracts for provisional sums. Essentially a provisional sum allows for the rise and fall of costs during the time between signing the
A. Refurbishment (or sometimes new) works including building and engineering services works, temporary services and accommodation, demolition, decanting costs and associated consultant
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