0
The term "Prime Cost Sum" shall mean a sum provided for work or services to be executed by a Nominated Sub-contractor or for material s or goods to be obtained from a Nominated Supplier. Such sum shall be deemed to be exclusive of any profit or attendance required by the Contractor and provision shall be made for the additional thereof.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Different between prime cost sum and provisional sum?
one has ' prime cost' in front of the word 'sum' and the other has the word 'provisional' in front of 'sum'
What is prime cost sum?
A prime cost is the allowance that is usually measured by the cost consultant for the needed supplies at work. It is to be provided by the contractors or the suppliers.
What prime number has the sum of 54?
what prime numbers have the sum of 54
What is the sum of the prime factors of 121?
the prime factors of sum of 121 is 112 and 22
A prime number the sum is 14?
Sum of what?
Different between prime cost sum and provisional sum?
one has ' prime cost' in front of the word 'sum' and the other has the word 'provisional' in front of 'sum'
What is the difference between prime cost and work cost?
Prime Cost has two meanings in construction. 1) Prime cost is the sum of all of the specialist works and specialist materials from nominated sub-contractors (NSC) and suppliers on site. The main Contractor can place a % profit and attendance on NSC, this must be adjusted in the final account. This is a Prime Cost as referred to in the Bill of Quantities 2) Prime cost in regards to a contract is the sum of all the major works which the Main Contractor must produce under the contract. Maybe knowing this will help you see the difference? I have never heard the phrase "work cost" to compare with prime cost.
What is prime cost in restaurant accounting?
Prime cost in restaurant accounting is the sum of labor+food costs
What does PC mean in PC sum?
Prime Cost
What is prime cost in cost accounting?
Sum of direct materials and direct labor
What is prime cost sum?
A prime cost is the allowance that is usually measured by the cost consultant for the needed supplies at work. It is to be provided by the contractors or the suppliers.
What is prime cost in construction?
Prime cost is as follows:1 - Cement (Raw material)(direct material)2 - workers (direct labor)
What is the sum of direct labor and direct materials called?
prime cost = direct labour cost + direct material cost + direct expenses
What prime number has the sum of 54?
what prime numbers have the sum of 54
What is the sum of two prime numbers that equal 16?
16prime + prime = (sum) sum is 16or13 + 3 =16
What is the sum of the 1st prime numbers?
The sum of the first two prime numbers is 5.
Which three prime numbers have the sum 59?
which three prime numbers have a sum of 59
