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    Prime Cost Sum

    Prime Cost Sum is 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 Supplier. Such sum shall be deemed to be exclusive of any profit or More

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    Contract Administration Process

    The main processes involved in the implementation of aconstruction project from stage after development plans have been drawn up andapproved, and the necessary fund have been obtained from the Client toensure completion and settlement of payments for its construction are asfollows: More

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    Contract Administration Process

      The main processes involved in the implementation of a construction project from stage after development plans have been drawn up and approved, and the necessary fund have been obtained from the Client to ensure completion and settlement of payments for its construction are as follows: ƒ Preparation of project brief  Land acquisition ƒ Site surveying and […] More

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    Lump sum contracts

    A lump sum price may be called for, or a series of lumpsums. This is best suited to easily defined, relatively simple constructions,involving little below-ground work. However, some quite large above-groundconstructions are paid for by lump sum. Sometimes a separate section of thebill for pricing allows for the foundation work of a building to be […] More

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    Types of construction contracts

    Types of construction contracts/The Nature of Construction Contracts A contract is an understanding madebetween two or more persons, by which rights are acquired on the one side toacts or forbearances on the other. To make an agreement which results in acontract, there must be an offer and acceptance which leads to a binding forceof obligation. Lump […] More

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    The contract documents

    Thecontract documents in order of importance are follows Form ofcontract This is theprincipal document and will often be a printed standard form, such as one ofthe variants of the JCT Form. TheArticles of Agreement TheConditions Total contractsum Condition ofcontracts The conditionof contract is represent the legally binding agreement between the parties andcover such important as […] More

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    Provisional Sums

    Provisional sums are included in bills of quantities for items of work which cannot be fully described or measured in accordance with the rules of the method of measurement at the time of tender. For work measured under the rules of SMM7. More

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    What is contract?

    What is contract? The contract is an agreement between the owner and the contractor as to how much the owner will pay to house that contractor to build the project.Introduction An engineering contract is a formal agreement enforceable at low between parties. There by each accept certain responsibilities and receive certain benefits. Failure in any […] More

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    Construction Contract & Tender procedure

    1. The quantity surveyor and his functions. 1. Understands the procedure a doped for the award of contracts in the construction in destroy. 2. Construction procurement. 3. Tendering procedure 4.Tender evaluation 5. Constitution contracts 6. Execution of the contract 7. Prime cost and provisional sums. 8. Variations and fluctuate tins. 9. Cast control of a […] More