Common use of Function of the Price List Clause in Contracts

Function of the Price List. In this Option the Price List (if any) is used only as a means of forecasting the final outcome. Preparing the price list (if any) It will be assumed that the tendering contractor has read Pages 14 and 15 of the TSC3 Guidance Notes before preparing the price list. Items in the price list may have been inserted by the Employer and the tendering contractor should insert any additional items which he considers necessary. Format of the price list Entries in the first four columns in the price list in section C2.2 are made either by the Employer or the tendering contractor. For Option E the Price List is used only for forecasting Defined Cost. If the price list includes an amount for the item which is not adjusted if the quantity of work in the item changes, the tendering contractor enters the amount in the Price column only, the Unit, Expected Quantity and Rate columns being left blank. If the price list includes an amount for an item of work which is the rate for the work multiplied by the quantity completed, the tendering contractor enters the rate which is then multiplied by the Expected Quantity to produce the Price, which is also entered. If the price list includes an item proportional to the length of time for which a service is provided, a unit of time is stated in the Unit column and the expected length of time (as a quantity of the stated units of time) is stated in the Expected Quantity column.

Function of the Price List. In this Option the Price List (if any) is used only as a means of forecasting the final outcome. Preparing the price list (if any) It will be assumed that the tendering contractor has read Pages 14 and 15 of the TSC3 Guidance Notes before preparing the price list. Items in the price list may have been inserted by the Employer and the tendering contractor should insert any additional items which he considers necessary. Format of the price list Entries in the first four columns in the price list in section C2.2 are made either by the Employer or the tendering contractor. For Option E the Price List is used only for forecasting Defined Cost. If the price list includes an amount for the item which is not adjusted if the quantity of work in the item changes, the tendering contractor enters the amount in the Price column only, the Unit, Expected Quantity and Rate columns being left blank. If the price list includes an amount for an item of work which is the rate for the work multiplied by the quantity completed, the tendering contractor enters the rate which is then multiplied by the Expected Quantity to produce the Price, which is also entered. If the price list includes an item proportional to the length of time for which a service is provided, a unit of time is stated in the Unit column and the expected length of time (as a quantity of the stated units of time) is stated in the Expected Quantity column.. C2.2 the price list BOQ is attached as a separate document Item nr Description Unit Expected Quantity Rate Price The total of the Prices

Function of the Price List. In this Option the Price List (if any) is used only as a means of forecasting the final outcome. Preparing the price list (if any) It will be assumed that the tendering contractor has read Pages 14 and 15 of the TSC3 Guidance Notes before preparing the price list. Items in the price list may have been inserted by the Employer and the tendering contractor should insert any additional items which he considers necessary. Format of the price list Entries in the first four columns in the price list in section C2.2 are made either by the Employer or the tendering contractor. For Option E the Price List is used only for forecasting Defined Cost. If the price list includes an amount for the item which is not adjusted if the quantity of work in the item changes, the tendering contractor enters the amount in the Price column only, the Unit, Expected Quantity and Rate columns being left blank. If the price list includes an amount for an item of work which is the rate for the work multiplied by the quantity completed, the tendering contractor enters the rate which is then multiplied by the Expected Quantity to produce the Price, which is also entered. If the price list includes an item proportional to the length of time for which a service is provided, a unit of time is stated in the Unit column and the expected length of time (as a quantity of the stated units of time) is stated in the Expected Quantity column.. C2.2 the price list See Attached Annexure J