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  • Prime Cost Sums

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    Kasun Costa
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    Prime cost sums are included in construction contracts to cover work by specialist contractors like those providing gas, water, or electrical connections. A prime cost sum will have an already determined cost associated with it for items like structural steelwork, windows, or lifts. The main difference between prime cost and provisional sums is that prime cost sums have accurate pricing by specialists, while provisional sums are estimates for potential unforeseen work.

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    Prime cost sums are included in construction contracts to cover work by specialist contractors like those providing gas, water, or electrical connections. A prime cost sum will have an already determined cost associated with it for items like structural steelwork, windows, or lifts. The main difference between prime cost and provisional sums is that prime cost sums have accurate pricing by specialists, while provisional sums are estimates for potential unforeseen work.

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    838 views2 pages

    Prime Cost Sums

    Uploaded by

    Kasun Costa
    Prime cost sums are included in construction contracts to cover work by specialist contractors like those providing gas, water, or electrical connections. A prime cost sum will have an already determined cost associated with it for items like structural steelwork, windows, or lifts. The main difference between prime cost and provisional sums is that prime cost sums have accurate pricing by specialists, while provisional sums are estimates for potential unforeseen work.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
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    PRIME COST SUMS

    These are included in the contract to cover specialist work. Prime Cost (PC) sums include work or materials by a specialist contractor or statutory body, e.g. gas, electricity, water and sewer connections.

    A P.C. sum may be included in contract documents for items such as; 1. Structural steelwork 2. Windows 3. Lifts 4. Generators 5. DOE water connection 6. NIE electrical connection 7. Phoenix gas connection

    The P.C. sum will have a cost associated with it that has already been determined. When a new house is purchased there may be a P.C. sum for the kitchen or bathroom. The main difference between provisional and P.C. sums is; provisional sums are estimated to allow for unforeseen work whereas P.C. sums are already accurately priced by a specialist.

    If a provisional sum is not used then the amount is not paid to the contractor

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