Podcast
Questions and Answers
What does the term 'Budgetary Allowance' refer to in the context of the Bills of Quantities?
What does the term 'Budgetary Allowance' refer to in the context of the Bills of Quantities?
- An amount included in the BOQ by the Quantity Surveyor as a lump sum for the main contractor's profit and attendance on sub-contractors
- An amount included in the BOQ by the Quantity Surveyor for the complete execution of specialist sub-contractor work
- An amount included in the BOQ by the Quantity Surveyor for specific work to be done, but the details are not known at the time of compiling the BOQ (correct)
- An amount included in the BOQ by the Quantity Surveyor as a contingency for unforeseen work
How is the Budgetary Allowance in the BOQ treated once the details of the work become available?
How is the Budgetary Allowance in the BOQ treated once the details of the work become available?
- The Budgetary Allowance is used to cover the main contractor's overhead and profit
- The Budgetary Allowance is added to the Contract Sum
- The Budgetary Allowance is replaced with the actual cost of the work (correct)
- The Budgetary Allowance is used to pay the sub-contractor directly
What is the purpose of a 'Provisional Sum' in the Bills of Quantities?
What is the purpose of a 'Provisional Sum' in the Bills of Quantities?
- To provide a lump sum amount for the complete execution of specialist sub-contractor work (correct)
- To provide an allowance for the main contractor's profit and attendance on sub-contractors
- To provide a budget for the Quantity Surveyor's professional fees
- To provide a contingency for unforeseen work
What is the role of the main contractor in relation to Provisional Sums in the Bills of Quantities?
What is the role of the main contractor in relation to Provisional Sums in the Bills of Quantities?
What is the relationship between the Tender Sum and the Contract Sum in the context of the Bills of Quantities?
What is the relationship between the Tender Sum and the Contract Sum in the context of the Bills of Quantities?
What is the purpose of including Contingency amount in the BOQ?
What is the purpose of including Contingency amount in the BOQ?
What does Prime Cost amount represent in the BOQ?
What does Prime Cost amount represent in the BOQ?
Who has the authority to direct the use of Contingency in a project?
Who has the authority to direct the use of Contingency in a project?
What should the contractor add to the Prime Cost amount to determine the unit rate?
What should the contractor add to the Prime Cost amount to determine the unit rate?
What are Provisional Sums in the context of BOQ?
What are Provisional Sums in the context of BOQ?
How is Contingency amount typically represented in the Final Summary of the BOQ?
How is Contingency amount typically represented in the Final Summary of the BOQ?
What does the Tender Sum represent in the context of a construction contract?
What does the Tender Sum represent in the context of a construction contract?
What are Provisional Sums in a Bill of Quantities (BOQ)?
What are Provisional Sums in a Bill of Quantities (BOQ)?
What is the purpose of adding a Contingencies Sub-total in a BOQ?
What is the purpose of adding a Contingencies Sub-total in a BOQ?
What is the significance of the Unit Rate in a BOQ?
What is the significance of the Unit Rate in a BOQ?
When does a Tender Sum become a Contract Sum in a construction project?
When does a Tender Sum become a Contract Sum in a construction project?
What software is commonly used in compiling Bills of Quantities (BOQs) according to the text?
What software is commonly used in compiling Bills of Quantities (BOQs) according to the text?
