What is a measuring contract?
Measurement contracts should describe the works in sufficient detail to enable the contractor to determine its programme and develop rates for carrying out different types of work. Tenderers’ rates are usually based on drawings and an approximate schedule of quantities provided by the client.
What is a re measurement contract?
A remeasurement contract is where the work is measured and valued against agreed rates. There is therefore no agreement as to a lump sum, but there is agreement as to the basis upon which the work will be valued.
What is the disadvantage of a re measurement contract?
Re-measurement delays payment – it’s also known as the owner’s ability to compare each unit’s price. In most cases, it slows down payments. Forecasting the final value of the contract is difficult – typically, the amount of units needed to finish a project isn’t known quickly.
What is Labour contract in construction?
A labour contract is an agreement with specific terms & conditions between two or more persons or entities or between the owner & the contractor in which there is a promise to execute or do some work wherein all materials required for the construction are supplied by the owner.
What are the type of construction contracts?
The eight types of construction contracts include:
- cost-plus construction contract.
- design and build contract.
- guaranteed maximum price contract.
- incentive construction contract.
- integrated project delivery contract.
- lump-sum contract.
- time and materials contract.
- unit price contract.
What is a prime cost in construction?
A prime cost is defined as ‘an item that has not been selected, or whose value is not known, at the time a domestic building contract is entered into and for the cost of supply and delivery of which the builder must make a reasonable allowance in the contract’
What is a BoQ in construction?
Generally, the Bill of Quantities (BoQ) is drawn-up by the quantity surveyor (employer’s consultant) with construction information provided by the design team. The primary purpose of a BoQ is to ensure all tenderers are provided with a standardised document to price and submit a fair and accurate tender.
What are measured works in construction?
Measured term contracts (such as JCT MTC 2011) are used where the client has a regular programme of works that they would like to be undertaken by a single contractor. They are generally used for minor works or for maintenance work.
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