Provisional sum in NEC contract

10 Things You Need To Know About NEC3

https://hklegal.co.uk

6. No Provisional Sums. NEC3 Contracts do not provide for the use of provisional sums on the basis that if you cannot clearly define an aspect ...

How does an unamended NEC4 Engineering and ...

https://uk.practicallaw.thomso

The EEC is unamended, so there is no mechanism therein to deal with provisional sums. If a contractor subsequently raises a compensation event, ...

How to allow for contingencies when preparing NEC4 ECC ...

https://www.neccontract.com

If provisional sums must be included, use a pre-contract project risk register to account for uncertainty and provide most likely requirements ...

Lifting the fog on Provisional Sums

https://www.fenwickelliott.com

Provisional sums are “used in pricing construction contracts to refer either to work which is truly provisional, in the sense that it may or may not be ...

NEC ECC

https://reachback.builtintelli

Provisional Sums are deducted in the computation of the assessment of the final amount due and the change to the Prices assessed in accordance ...

NEC FAQs

https://www.neccontract.com

You simply cannot use provisional sums in an unamended ECC contract. They only work in other contracts (such as the JCT) because the contract explains how they ...

Provisional sum

https://www.designingbuildings

As provisional sums are replaced by valuations of the work actually done as the project progresses, the contract sum may increase or decrease.

Removing a Provisional Sum

https://reachback.builtintelli

Both carrying out and omitting the provisional sum is to be treated as a compensation event in accordance with clause 60.1(4). To address this ...

Webinar

https://www.neccontract.com

Q: Does NEC4 recognise provisional sums? A: Provisional sums are not included in NEC4 – guidance is given (as was the case in NEC3) on how to.

What are provisional sums?

https://www.voloco.co.uk