Talk:Provisional sum - Revision history

Designing Buildings at 07:42, 4 January 2023

2023-01-04T07:42:09Z

← Older revision		Revision as of 07:42, 4 January 2023
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		+	=== To make a comment about this article, or to suggest changes, click 'Add a comment' above. Separate your comments from any existing comments by inserting a horizontal line. ===
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	Hi there!		Hi there!

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	Thank you very much.		Thank you very much.
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		+	As with most issues like this - it depends on the precise wording in the contract and any documentation the contract refers to.
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115.134.236.213 at 02:55, 7 September 2021

2021-09-07T02:55:02Z

← Older revision		Revision as of 02:55, 7 September 2021
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−	~~Provisional sum:~~	+	Hi there!

−	~~small strata repair~~ for ~~2 roof terraces requires 60m2 of tiles with an allowance of $55~~.~~00 per m2 as per spec~~	+	Thanks for the informative articles about contracts.

−	~~Tiles sourced from local supplier at $30.00 per m2, inc GST selection sourced by client~~	+	I have few queries which need your further explanation:-

−	~~Contractor has claimed 60 m2 at $30 = $1800 plus builders margin of 25% =$2,250~~	+	1. Is the provisional sum equal to variation when SO further expands it?

−	~~Les original 60x $55 = $3,300~~	+	2. Understand there are defined and undefined provisional sum. Do we need to carry out remeasurement if the defined provisional sum expands?

−	~~Therefor cost saving for client $3,300 less $2,250~~ is ~~$1,050 saving~~ for ~~client~~.	+	Say the contractor is given a set of tender drawings for a restoration work with details and specifications and the quoted rate in psf. And the contract actually captured "Restoration Work (provisional sum) @ RM30 psf" without any breakdown or items beside the building built up.

−	~~Not as I believe is the correct formula:~~	+	Item Description Area (sf) Rate (RM) Total (RM)

−	~~difference $55~~.~~00 less $~~30.00 ~~= $25~~.00 ~~x 60 m2 or $1500~~	+	A. Restoration Work (provisional sum) 5,000 30.00 psf 150,000.00

−	~~so principle is can~~ a ~~margin be added or not~~ ?	+	Is it considered a defined provisional sum? In this case, do we need to carry out remeasurement and renegotiate the price and the contractor to resubmit their quotation if the design remains as per contract drawing?

−	-~~----~~	+	And what if there are some changes to the contract drawing, should be raised variation for the particular changes or we have to re-measure the entire work again?
−	What ~~does it say~~ in the ~~contract~~?	+
		+	What is the difference in terms of defined and undefined provisional sum in terms of pricing and remeasurement?
		+
		+	3. What is the difference between a provisional sum and provisional quantity? As for as I understand, only provisional quantities are subject to re-measurement. But somehow, there are claims that the provisional sum is also subject to remeasurement.
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		+	Looking forward to hearing from you.
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		+	Thank you very much.

Designing Buildings at 09:43, 17 March 2018

2018-03-17T09:43:31Z

← Older revision		Revision as of 09:43, 17 March 2018
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	so principle is can a margin be added or not ?		so principle is can a margin be added or not ?
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		+	What does it say in the contract?

27.99.90.95 at 03:17, 17 March 2018

2018-03-17T03:17:06Z

← Older revision		Revision as of 03:17, 17 March 2018
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		+	Provisional sum:

−	~~To start a discussion about this article~~, ~~click 'Add a comment' above and add your thoughts to this discussion page~~. ~~<br/>~~	+	small strata repair for 2 roof terraces requires 60m2 of tiles with an allowance of $55.00 per m2 as per spec
		+
		+	Tiles sourced from local supplier at $30.00 per m2, inc GST selection sourced by client
		+
		+	Contractor has claimed 60 m2 at $30 = $1800 plus builders margin of 25% =$2,250
		+
		+	Les original 60x $55 = $3,300
		+
		+	Therefor cost saving for client $3,300 less $2,250 is $1,050 saving for client.
		+
		+	Not as I believe is the correct formula:
		+
		+	difference $55.00 less $30.00 = $25.00 x 60 m2 or $1500
		+
		+	so principle is can a margin be added or not ?

Designing Buildings at 06:32, 29 September 2015

2015-09-29T06:32:08Z

← Older revision		Revision as of 06:32, 29 September 2015
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−	To start a discussion about this article, click '~~Edit~~' above and add your thoughts to this discussion page. ~~Clicking the submit comment button will not start a discussion, it will just send a comment to our admin team.~~	+	To start a discussion about this article, click 'Add a comment' above and add your thoughts to this discussion page. <br/>

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