I have a builders quote for various minor works
Most of the items are £YYY +VAT
But replacing some rotten wood in a car port is priced as £XXX +VAT-PC SUM
in this context what is PC SUM?
There is an overall condition covering all items that is
PRICES INCLUDES LABOUR, MATERIALS, REQUIRED ACCESS AND REMOVAL OF SPOILS FROM SITE
Prime Cost Sum Presumably he has quotedvcfor the work on a PC basis and is noe changing the price to time and materials less the quoted PC sum
Thank you. Just done a google on Prime Cost Sum and it all makes sense. When we viewed the job we agreed that the full extent of the repair might not be visible until the job was well underway.
With that information I think the line item should be £XXX +VAT (PC SUM) ie not plus VAT minus PC SUM
For a builder 'PC Sum' = a guesstimate. And it always costs more than you think. I wouldn't read any more into it than that. TW
It sometimes means Provisional Cost, and is an "allowance" in cases where the exact cost is not known. For example, the builder may be sub-contracting some work to an electrician, and is putting a guesstimated amount in to cover that aspect of the job. The actual cost will depend on what the electrician charges.
In message <q6t1p8$j5o$ snipped-for-privacy@dont-email.me, Chris B snipped-for-privacy@salis.co.uk> writes
Surely, the minus is not intended as a minus, but as an explanatory dash
- like this.
Heads I win, Tails you lose.
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