admeasurement contract
| 06:33 Apr 24, 2014 |
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| English to Serbian translations [PRO] Bus/Financial - Finance (general) / contracts - procurement | |||||
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| 4 | Dogovor sa predmer-proracunom |
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| Admeasurement contract |
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Answers
1 day 42 mins confidence: 
Dogovor sa predmer-proracunom Explanation: На македонском је „Договор со предмер-пресметка“, превод који користе моје колеге на послу - градежни инжењери. Reference: http://books.google.mk/books?id=hk6gDodpTtsC&pg=PT103&lpg=PT... |
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Reference comments
2 hrs |
| Reference: Admeasurement contract Reference information: 2.4.2 Admeasurement contract In this type of contracting, items of work are specified in Bills of Quantities or Schedule of Rates. The contractor then specifies rates against each item. The rates include risk contingency. Payment is paid monthly for all work completed during the month. The contract offers a facility for the client to introduce changes in the work defined in the tender documents. The contractor can claim additional payment for any changes in the work content of the contract. Claims resolution is very difficult because the client has no knowledge of actual cost or hidden contingency. Tender price is usually increased by variations and claims. Two forms of admeasurement contract are usually used: bill of quantities and schedule of rates. Bill of Quantities Contract: Tenderers enter rates against each item of the estimated quantities of work. The quantities are re-measured during the course of the contract, valued at the tendered rates and the contract price adjusted accordingly. Schedule of Rates Contract: It contains inaccurate quantities of work, possibly with upper and lower probable limits. Therefore, it is common for separate rates to be quoted for labour, plant, and materials. The contract price is derived by measuring the man-hours, plant-hours and the quantities of materials actually consumed, and then pricing them at the tendered price. This contract is best suitable for repetitive works. [http://osp.mans.edu.eg/elbeltagi/CM CH2 Contracts.pdf] |
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