Navigating the Use of Provisional Sums in Construction Contracts (EP 117)

Own The Build

English - May 15, 2023 04:00 - 45 minutes - 31.3 MB - ★★★ - 1 rating
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Previous Episode: The Equipment Equation: Weighing the Costs of Hiring vs. Buying Plant for your business (EP 116)

Next Episode: Entire Agreement Clauses: What You Need to Know Before Submitting Your Tender (EP 118)

In the studio today, we have Richard Brackstone, CEO of RB Management and Consulting Ltd. Richard is a QS turned consultant who’s unique consultancy has an innovative approach providing specialist, executive-level support to companies in construction with a focus on Risk Management and Commercial Best Practices.

In this focused episode on Provisional Sums, Richard explains what Provisional Sums are, how they are different from PC sums and how to use both defined and undefined provisional sums. Richard explains best practices and how many contractors and subcontractors often fall down when using Provisional Sums.

Here is a link to Richard’s paper and this is a must-listen for all commercially minded construction professionals.

Your free OTB downloads

As promised at the top of the show - I’ve shared a link to two of the two free downloads below:

A Pre-Qualification Questionnaire for subcontractors A Project Execution Plan Template

Are you struggling with a lack of Quantity Surveyors?

A recent RICS Survey found that 54% of main contractors reported insufficient numbers of Quantity Surveyors available in the market, and at C-Link, we completed a survey that found 80% of companies find it challenging to recruit QS at the moment.

Are you one of those companies?

C-Link is software built by Quantity Surveyors for Main Contractors. We save 600 hours of Quantity Surveying time per project in automation. We can make your QS’ so much more efficient.

Book a demo to learn more by clicking here.

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Want to connect with Paul?

Paul is on Linkedin here and would love to talk. You can also connect with Paul at [email protected] or through, C-Link.

Watch the Video to learn more; you can book a demo by clicking here.

C-Link is software built by Quantity Surveyors for Main Contractors. We save 600 hours of Quantity Surveying time per project in automation. We can make your QS’ so much more efficient.