Tag: Provisional Sums
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Managing Uncertainty: Best Practices for Quantity Surveyors in Handling Provisional Sums, PC Sums, and Approximate Quantities
Managing uncertainty in construction is crucial for the successful delivery of projects. Quantity surveyors play a vital role in handling uncertainty by effectively managing provisions such as provisional sums, prime cost (PC) sums, and approximate quantities. These provisions are used when specific details are not yet finalized, and accurate cost estimation becomes challenging. This article…
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Effective Estimation and Allocation of Provisional Sums in Bills of Quantities
Provisional sums play a crucial role in the construction industry, especially in the UK market. Understanding how to estimate and allocate provisional sums accurately is essential for successful project management. In this article, we will explore the importance of provisional sums, their estimation process, and how to effectively allocate them within bills of quantities. What…
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The Role of Provisional Sums in Construction Contracts: An Overview
In construction contracts, understanding the role of provisional sums is crucial for both contractors and clients. Provisional sums serve as a mechanism to account for uncertain or undefined elements in a project’s bill of quantities. This article provides a comprehensive overview of provisional sums in construction contracts, with a focus on the UK market. By…