Examples of Provisional Sum Item in a sentence
Where the Contractor is instructed by the Superintending Officer to execute or provide some or all of the Plant, materials, goods or work described as a Provisional Sum Item, the valuation of that instruction shall be made in accordance with Clause 20.1 (unless otherwise provided in this Contract).
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 Contract Price.
Generally, the Provisional Sum Item is only one or two lines included in the Bill of Quantities.
If you choose to include Prime Cost Items, make sure you get a copy of the invoice that shows the cost of any Prime Cost item.Provisional sum itemsA Provisional Sum Item is often confused with a Prime Cost item.
If the actual cost of a Prime Cost Item or Provisional Sum Item is less than the Contractor’s estimate, the Contractormust deduct the difference, plus the margin, from the Total Price.
A Provisional Sum Item is included in the Schedule of Rates for the provision of spare part consumables which would reasonably be expected to ensure the continued operation of the lighting services for a two (2) year period after the Date of Completion.
The lowest value of the objective function, f(xi) = 4,876.37 kN, was found in the 868th generation.
The Payment Claim claims the amount of $9,500.00 against the Provisional Sum Item 2.23, and the Respondent in the Payment Schedule rejects this claim by reason that the provisional sum works have been deleted from the scope of works and the $9,500.00 has been deducted from the contract amount in CPA 11.
The payment for the relocation of the gates shall be made from the Provisional Sum Item.
Provisional sum itemsA Provisional Sum Item is often confused with a Prime Cost item.