A prime cost is a type of budget item in construction projects that refers to the cost of a specific item or service that is procured separately from the main contract.
section 4A
When developing a budget for a construction project, several factors need to be taken into account, such as scope, risk management and obtaining licences among others.
A performance specification is a document that specifies the operational requirements of a component or installation.
A prescriptive specification conveys the requirements of a project through a detailed explanation of the materials that the contractor must use and the means of installing those materials.
A provisional sum is an allowance in the contract for the cost of foreseeable necessary work including the supply of materials.
BIM is a process involving the generation and management of digital representations of physical and functional characteristics of places.
The Industry Foundation Classes (IFC) data model is intended to describe building and construction industry data.
COBie (Construction Operations Building Information Exchange) is an international standard relating to managed asset information including space and equipment.
A Bill of Quantities (BoQ) is a document used in tendering in the construction industry in which materials, parts, and labor (and their costs) are itemized.
A standard form of contract gives certain privileges that are not usually offered by a bespoke contract. The main ones…
A pro-forma document is a standard document that is provided by an organisation, rather than a custom one. For example,…
A specification describes the materials and workmanship required for a development. They do not include cost, quantity or drawn information.
A Contractor is usually informed of Health and Safety issues at Tender stage through the Designer’s Risk Assessment. This is…
Before a budget is developed, a design needs to be in place. This means that the designer will have gone…
A Collateral Warranty refers specifically to a contract between a professional consultant, building contractor or sub-contractor and a third party.