Contract sum analysis - Revision history

Designing Buildings at 10:58, 22 December 2023

2023-12-22T10:58:00Z

← Older revision		Revision as of 10:58, 22 December 2023
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	The contract sum analysis might be re-visited and expanded before construction commences to ensure that it still properly reflects the nature of the project and to ensure that it is a suitable basis for payment (contractors may be tempted to front-load the contract sum analysis so that they receive more payment at the beginning of the construction process).		The contract sum analysis might be re-visited and expanded before construction commences to ensure that it still properly reflects the nature of the project and to ensure that it is a suitable basis for payment (contractors may be tempted to front-load the contract sum analysis so that they receive more payment at the beginning of the construction process).

−	= Related articles on Designing Buildings ~~Wiki~~ =	+	= Related articles on Designing Buildings =

	* Bill of quantities.		* Bill of quantities.

Designing Buildings at 07:47, 4 September 2020

2020-09-04T07:47:20Z

← Older revision		Revision as of 07:47, 4 September 2020
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	* Tender pricing document.		* Tender pricing document.

−	[[Category:Contracts_/_payment]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Contracts_/_payment]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]

Designing Buildings at 13:48, 4 February 2020

2020-02-04T13:48:21Z

← Older revision		Revision as of 13:48, 4 February 2020
Line 7:		Line 7:
	The contract sum analysis might be re-visited and expanded before construction commences to ensure that it still properly reflects the nature of the project and to ensure that it is a suitable basis for payment (contractors may be tempted to front-load the contract sum analysis so that they receive more payment at the beginning of the construction process).		The contract sum analysis might be re-visited and expanded before construction commences to ensure that it still properly reflects the nature of the project and to ensure that it is a suitable basis for payment (contractors may be tempted to front-load the contract sum analysis so that they receive more payment at the beginning of the construction process).

−	~~= Find out more =~~	+	= Related articles on Designing Buildings Wiki =
−		+
−	=== Related articles on Designing Buildings Wiki ===	+

	* Bill of quantities.		* Bill of quantities.

Editor at 14:31, 14 February 2018

2018-02-14T14:31:25Z

← Older revision		Revision as of 14:31, 14 February 2018
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		+	A contract sum analysis is generally prepared by a contractor as part of their tender on design and build projects. It breaks down the contractor's price into a form allowing the client to analyse it and to compare it to other tenders, and may then be used as a basis for calculating payments due to the contractor as the works progress.

−	A contract sum analysis is generally prepared by a contractor as part of their tender on design and build projects. It breaks down the contractor's price into a form allowing the client to analyse it and to compare it to other tenders, and may then be used as a basis for calculating payments due to the contractor as the works progress. A contract sum analysis is necessary as there is unlikely to be a bill of quantities on a design and build project when the contract is entered into, and so an alternative means of assessing tenders and valuing payments is necessary.	+	A contract sum analysis is necessary as there is unlikely to be a bill of quantities on a design and build project when the contract is entered into, and so an alternative means of assessing tenders and valuing payments is necessary.

	The more precisely the employer's requirements prescribe the format and break down that the contract sum analysis should take, the easier it will be for the client to directly compare the detail of offers by different tenderers.		The more precisely the employer's requirements prescribe the format and break down that the contract sum analysis should take, the easier it will be for the client to directly compare the detail of offers by different tenderers.
Line 6:		Line 7:
	The contract sum analysis might be re-visited and expanded before construction commences to ensure that it still properly reflects the nature of the project and to ensure that it is a suitable basis for payment (contractors may be tempted to front-load the contract sum analysis so that they receive more payment at the beginning of the construction process).		The contract sum analysis might be re-visited and expanded before construction commences to ensure that it still properly reflects the nature of the project and to ensure that it is a suitable basis for payment (contractors may be tempted to front-load the contract sum analysis so that they receive more payment at the beginning of the construction process).

−	= ~~<br/>~~Find out more =	+	= Find out more =

	=== Related articles on Designing Buildings Wiki ===		=== Related articles on Designing Buildings Wiki ===
−	*Bill of quantities.
−	*Construction contract.
−	*Contract sum.
−	*Cost planning.
−	*Design and build.
−	*Final account.
−	*Fluctuations.
−	*Net Present Value.
−	*Pre-tender estimate.
−	*Provisional sums.
−	*Retention.
−	*Tender.
−	*Tender pricing document.

−	[[Category:Contracts_/_payment]]	+	* Bill of quantities.
−	[[Category:Cost_/_business_planning]]	+	* Construction contract.
−	[[Category:Procurement]]	+	* Contract sum.
		+	* Cost planning.
		+	* Design and build.
		+	* Final account.
		+	* Fluctuations.
		+	* Net Present Value.
		+	* Pre-tender estimate.
		+	* Provisional sums.
		+	* Retention.
		+	* Tender.
		+	* Tender pricing document.
		+
		+	[[Category:Contracts_/_payment]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]

Designing Buildings: Reverted edits by 202.137.154.60 (talk) to last revision by Editor

2016-11-16T08:13:32Z

Reverted edits by 202.137.154.60 (talk) to last revision by Editor

← Older revision		Revision as of 08:13, 16 November 2016
Line 1:		Line 1:
		+
	A contract sum analysis is generally prepared by a contractor as part of their tender on design and build projects. It breaks down the contractor's price into a form allowing the client to analyse it and to compare it to other tenders, and may then be used as a basis for calculating payments due to the contractor as the works progress. A contract sum analysis is necessary as there is unlikely to be a bill of quantities on a design and build project when the contract is entered into, and so an alternative means of assessing tenders and valuing payments is necessary.		A contract sum analysis is generally prepared by a contractor as part of their tender on design and build projects. It breaks down the contractor's price into a form allowing the client to analyse it and to compare it to other tenders, and may then be used as a basis for calculating payments due to the contractor as the works progress. A contract sum analysis is necessary as there is unlikely to be a bill of quantities on a design and build project when the contract is entered into, and so an alternative means of assessing tenders and valuing payments is necessary.

Line 5:		Line 6:
	The contract sum analysis might be re-visited and expanded before construction commences to ensure that it still properly reflects the nature of the project and to ensure that it is a suitable basis for payment (contractors may be tempted to front-load the contract sum analysis so that they receive more payment at the beginning of the construction process).		The contract sum analysis might be re-visited and expanded before construction commences to ensure that it still properly reflects the nature of the project and to ensure that it is a suitable basis for payment (contractors may be tempted to front-load the contract sum analysis so that they receive more payment at the beginning of the construction process).

−	= <br />	+	= <br/>Find out more =
−	Find out more =	+

	=== Related articles on Designing Buildings Wiki ===		=== Related articles on Designing Buildings Wiki ===
		+	*Bill of quantities.
		+	*Construction contract.
		+	*Contract sum.
		+	*Cost planning.
		+	*Design and build.
		+	*Final account.
		+	*Fluctuations.
		+	*Net Present Value.
		+	*Pre-tender estimate.
		+	*Provisional sums.
		+	*Retention.
		+	*Tender.
		+	*Tender pricing document.

−	* Bill of quantities.	+	[[Category:Contracts_/_payment]]
−	* Construction contract.	+	[[Category:Cost_/_business_planning]]
−	* Contract sum.	+	[[Category:Procurement]]
−	* Cost planning.	+
−	* Design and build.	+
−	* Final account.	+
−	* Fluctuations.	+
−	* Net Present Value.	+
−	* Pre-tender estimate.	+
−	* Provisional sums.	+
−	* Retention.	+
−	* Tender.	+
−	* Tender pricing document.	+
−		+
−	[[Category:Contracts_/_payment]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]	+

202.137.154.60 at 06:25, 16 November 2016

2016-11-16T06:25:44Z

← Older revision		Revision as of 06:25, 16 November 2016
Line 1:		Line 1:
−
	A contract sum analysis is generally prepared by a contractor as part of their tender on design and build projects. It breaks down the contractor's price into a form allowing the client to analyse it and to compare it to other tenders, and may then be used as a basis for calculating payments due to the contractor as the works progress. A contract sum analysis is necessary as there is unlikely to be a bill of quantities on a design and build project when the contract is entered into, and so an alternative means of assessing tenders and valuing payments is necessary.		A contract sum analysis is generally prepared by a contractor as part of their tender on design and build projects. It breaks down the contractor's price into a form allowing the client to analyse it and to compare it to other tenders, and may then be used as a basis for calculating payments due to the contractor as the works progress. A contract sum analysis is necessary as there is unlikely to be a bill of quantities on a design and build project when the contract is entered into, and so an alternative means of assessing tenders and valuing payments is necessary.

Line 6:		Line 5:
	The contract sum analysis might be re-visited and expanded before construction commences to ensure that it still properly reflects the nature of the project and to ensure that it is a suitable basis for payment (contractors may be tempted to front-load the contract sum analysis so that they receive more payment at the beginning of the construction process).		The contract sum analysis might be re-visited and expanded before construction commences to ensure that it still properly reflects the nature of the project and to ensure that it is a suitable basis for payment (contractors may be tempted to front-load the contract sum analysis so that they receive more payment at the beginning of the construction process).

−	= <br/>Find out more =	+	= <br />
		+	Find out more =

	=== Related articles on Designing Buildings Wiki ===		=== Related articles on Designing Buildings Wiki ===
−	*Bill of quantities.
−	*Construction contract.
−	*Contract sum.
−	*Cost planning.
−	*Design and build.
−	*Final account.
−	*Fluctuations.
−	*Net Present Value.
−	*Pre-tender estimate.
−	*Provisional sums.
−	*Retention.
−	*Tender.
−	*Tender pricing document.

−	[[Category:Contracts_/_payment]]	+	* Bill of quantities.
−	[[Category:Cost_/_business_planning]]	+	* Construction contract.
−	[[Category:Procurement]]	+	* Contract sum.
		+	* Cost planning.
		+	* Design and build.
		+	* Final account.
		+	* Fluctuations.
		+	* Net Present Value.
		+	* Pre-tender estimate.
		+	* Provisional sums.
		+	* Retention.
		+	* Tender.
		+	* Tender pricing document.
		+
		+	[[Category:Contracts_/_payment]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]

Editor at 12:15, 3 November 2015

2015-11-03T12:15:15Z

← Older revision		Revision as of 12:15, 3 November 2015
Line 16:		Line 16:
	*Final account.		*Final account.
	*Fluctuations.		*Fluctuations.
		+	*Net Present Value.
	*Pre-tender estimate.		*Pre-tender estimate.
	*Provisional sums.		*Provisional sums.

BSRIA at 14:46, 4 September 2015

2015-09-04T14:46:22Z

← Older revision		Revision as of 14:46, 4 September 2015
Line 10:		Line 10:
	=== Related articles on Designing Buildings Wiki ===		=== Related articles on Designing Buildings Wiki ===
	*Bill of quantities.		*Bill of quantities.
−	*~~Contract~~.	+	*Construction contract.
	*Contract sum.		*Contract sum.
	*Cost planning.		*Cost planning.

86.159.162.121 at 15:02, 12 September 2014

2014-09-12T15:02:02Z

← Older revision		Revision as of 15:02, 12 September 2014
Line 13:		Line 13:
	*Contract sum.		*Contract sum.
	*Cost planning.		*Cost planning.
		+	*Design and build.
	*Final account.		*Final account.
	*Fluctuations.		*Fluctuations.
−	*Initial cost appraisals.
	*Pre-tender estimate.		*Pre-tender estimate.
		+	*Provisional sums.
	*Retention.		*Retention.
	*Tender.		*Tender.

86.159.162.121 at 15:00, 12 September 2014

2014-09-12T15:00:52Z

← Older revision		Revision as of 15:00, 12 September 2014
Line 1:		Line 1:

−	~~There are very many different names given to cost planning documents. Cost plans are~~ generally prepared by ~~cost consultants (often quantity surveyors)~~. ~~They evolve through~~ the ~~life of~~ the ~~project~~, ~~developing in detail~~ and ~~accuracy~~ as ~~more information becomes available about~~ the ~~nature of~~ the design, and ~~then actual prices are provided by specialist contractors~~, ~~contractors~~ and ~~suppliers. They range from very early initial cost appraisals through to tender pricing documents~~ and ~~the final account~~.	+	A contract sum analysis is generally prepared by a contractor as part of their tender on design and build projects. It breaks down the contractor's price into a form allowing the client to analyse it and to compare it to other tenders, and may then be used as a basis for calculating payments due to the contractor as the works progress. A contract sum analysis is necessary as there is unlikely to be a bill of quantities on a design and build project when the contract is entered into, and so an alternative means of assessing tenders and valuing payments is necessary.

−	~~As a consequence there area a great number of names that can be used for key cost planning information. On Designing Buildings Wiki we have standardised these as follows:~~	+	The more precisely the employer's requirements prescribe the format and break down that the contract sum analysis should take, the easier it will be for the client to directly compare the detail of offers by different tenderers.
−	*Initial cost appraisals (studies of options prepared during the ~~feasibility study stage).~~	+
−	*Elemental cost plan (prepared during the ~~project brief stage~~ and ~~carried through to detailed design).~~	+
−	*Approximate quantities cost plan (from the end of detailed design through to tender).	+
−	*Pre-tender estimate (prepared alongside tender documentation).	+
−	*Tender pricing document (strictly speaking this is not a priced document, but is part of the tender documentation issued to the contractor for pricing).	+
−	*Contract sum (agreed with the contractor during the tender period and adjusted during the construction period).	+
−	*Contract sum analysis (a break down ~~of the contract sum prepared by the contractor on design and build projects).~~	+
−	*Final account (agreed during the defects liability period).	+
−		+
−	~~Other than initial cost appraisals, these all relate to the construction cost of the project (rather than wider project costs~~ that the client might incur, which could include; fees, equipment costs, furniture, the cost of moving staff, contracts outside of the main works and so on). It is important that the client makes clear what costs should be monitored by the cost consultant and what will remain within the control of the client organisation.	+
−		+
−	A contract sum analysis ~~is generally prepared by a contractor as part of their tender on design and build projects. It breaks down~~ the ~~contractor's price into a form allowing the client to analyse~~ it ~~and to compare it to other tenders, and may then~~ be ~~used as a basis~~ for ~~calculating payments due to~~ the ~~contractor as the works progress. A contract sum analysis is necessary as there is unlikely~~ to ~~be a bill of quantities on a design and build project when~~ the ~~contract is entered into, and so an alternative means~~ of ~~assessing tenders and valuing payments is necessary~~.	+

	The contract sum analysis might be re-visited and expanded before construction commences to ensure that it still properly reflects the nature of the project and to ensure that it is a suitable basis for payment (contractors may be tempted to front-load the contract sum analysis so that they receive more payment at the beginning of the construction process).		The contract sum analysis might be re-visited and expanded before construction commences to ensure that it still properly reflects the nature of the project and to ensure that it is a suitable basis for payment (contractors may be tempted to front-load the contract sum analysis so that they receive more payment at the beginning of the construction process).