Prime Cost Sums, Provisional Sums & Contingencies Explained | QS Insights EP8🏗️📢 скачать в хорошем качестве

Prime Cost Sums, Provisional Sums & Contingencies Explained | QS Insights EP8🏗️📢

This week’s episode dives into a topic that every construction professional, quantity surveyor, and contractor needs to fully understand — the differences between Prime Cost Sums (PC Sums), Provisional Sums, Budgetary Allowances, and Contingencies. These items are essential because they help us manage undefined scope during the tender stage, especially when drawings or specifications are not fully complete. In this episode, we cover: 🔍 ✔️ What PC Sums are and why they exist ✔️ A practical example using floor tiles in a hospital project ✔️ How contractors price PC Sum items in the BOQ ✔️ What gets added to the base rate (grout, adhesive, labour, transport, profit & markup) ✔️ Why these allowances are critical for controlling risk and cost 🎥 Episode Highlight: We break down how a tile that costs 350 rand per square meter becomes a complete selling rate once all associated costs are included — an important concept for accurate estimating and tendering. If you’ve ever been unsure about how these items differ or when to use them, this episode clears it all up with simple, practical examples. 👉 Watch the full episode now: (   • Видео  ) Let me know your thoughts in the comments — and drop any questions you want covered in future episodes!