Small Works Rates definition
Examples of Small Works Rates in a sentence
PPP Co. shall ensure that such proposed Small Works Rates shall provide value for money to the Authority with reference to those rates prevailing for comparable works and services in the Irish market, and in any event, any percentage increase in the proposed Small Works Rates shall not exceed the construction price index published by the Society of Chartered Surveyors Ireland, applicable at the date of the proposed Small Works Rates are submitted to the Authority for its approval.
The value of any Small Works will be calculated on the basis that: the labour element will be calculated in accordance with the Small Works Rates or, where such rates are not applicable, in accordance with rates which are fair and reasonable; and the materials element will be charged at the cost of the materials to PPP Co. or to the contractor carrying out the work (net of all discounts) plus [ ]%.