WebJan 6, 2024 · The Main Difference. The main difference between PC Sums and Provisional Sums is how much detail and information is available when the construction contract is signed. Provisional Sums are for an item or work that hasn’t been fully designed or priced yet, while PC Sums are for an item or work that hasn’t been known or defined yet. WebAug 14, 2024 · MARK’s TIP: Ensure the PC allowance is realistic in terms of the quality of items you expect. PS Items = Provisional Sum Items. A Provisional Sum (PS) is an estimate to cover work/labour, materials, or …
PC SUMS Construction Templates
WebA provisional sum is an allowance included in a fixed price construction contract for an item of work that cannot be priced by the contractor at the time of entering the contract. ... WebAug 1, 2009 · A recent High Court case (Mullaney v Brown and Power Painters Ltd & Others) has a useful discussion about the operation of PC sums. Mullaney entered into a building contract with Brown acting as the project manager. The contract provided a maximum price which included “PC sums” to the value of $49,000. The contract clearly … outback sacramento howe
Prime Costs and Provisional Sums - Master Builders WA
WebFeb 17, 2024 · The difference between a prime cost sum and a provisional sum is that a prime cost sum is an allowance for work or materials that have been detailed, while a provisional sum is an allowance or estimate made for a specific part of the project that is yet to be described in enough detail for contractors to appropriately price. WebFeb 5, 2024 · What is the difference between a PC sum and a provisional sum? Most simply, prime cost applies to items themselves, provisional sums refers to complete works. If you do have prime cost items or provisional sums in your contract, the Domestic Building Contracts Act 1995 states that they must be set out in a separate document that … WebProvisional Sums (PS’s) and Prime Cost Items (PC Items) are two options that can be used to allow for undocumented selections or unquantifiable work. What are Provisional … rolemaster companion 7