Prime Cost Item means any item noted in the Prime Cost Items Schedule to this Contract and as contemplated by Conditions 4 and 19.

Prime Cost Item means an item that either has not been selected, or whose Price is not known, at the time this contract is entered into and for the cost of supply and delivery of which the Supplier must make a reasonable allowance in the contract.

Prime Cost Item means any item noted in the Prime Cost Items Schedule being an item such as a fixture or fitting (e.g. tiles or tap fittings) –

Examples of Prime Cost Item in a sentence

If the total sum allowed forPrime Cost Items (including the Contractor’s margin) and Provisional Sums (including the Contractor’s margin) exceeds 20% as a proportion of the Contract Price as stated in Schedule Item 1, the Contractor must prior to the commencement of the Works give to the Owner a written statement setting out the reasons for the inclusion of each item as a Prime Cost Item or a Provisional Sum.
A Prime Cost Item has been included for payments to be made to specialists for the training of unskilled or semi-skilled persons in industry accredited management and generic skills.
If the actual cost of a Prime Cost Item or Provisional Sum Item is less than the Contractor’s estimate, the Contractor must deduct the difference, plus the margin, from the Total Price.
PLUS Contractor’s margin (state $ amount or % to be added) Total for Prime Cost Item (incl.
A Prime Cost Item has been included for payments to be made to cover the Contractor’s initial costs of providing sureties, insurance for the work and plant, public liability insurance and unemployment insurance to cover his compliance with the requirements of the Workmen’s Compensation Act, 1941 (Act No. 30 of 1941).

More Definitions of Prime Cost Item

Prime Cost Item means an amount of money included in the Contract Sum to cover the purchase by the Builder or the Owner of a specified item.

Prime Cost Item means any item noted in the Prime Cost Items Schedule to this Contract and as contemplated by Condition 16.

Prime Cost Item means an item (for example, a fixture or fitting) that either has not been selected, or whose price is not known, at the time a domestic building contract is entered into and for the cost of supply and delivery of which the builder must make a reasonable allowance in the contract;

Prime Cost Item means an item such as a fixture or fittings (e.g. tiles or tap fittings) –

Prime Cost Item means any item noted in the Prime Cost Items Schedule and as contemplated by Condition 12.

Prime Cost Item means an item (for example, a fixture or fitting) that either has not been selected, or whose price is not known at the time the Contract is entered into and for the cost of supply and delivery of which the Builder must make a reasonable allowance in the Contract. Progress Claim – means each claim made by the Builder to the Owner for each of the Stages.

Prime Cost Item means an item (for example, a fixture or fitting) that either has not been selected or whose price is not known at the time which this Contract is entered into and for the cost of supply and delivery which the Builder has made allowance for in the Contract Price.