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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
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Thank you Kitle, Really glad to hear that. I like helping people and share my knowledge. When appreciated, it really keeps me going. Yes, I'd love to get it, for that, please use
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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
http://ezinearticles.com/?What-Are-Provisional-Sum...
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
http://www.experts123.com/q/what-are-prime-cost-it...
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