How to manage cost and minimise risks

Construction can contain hidden risks for the unwary, however if a project starts off with the right foundations in place during the pre-construction phase, you are more likely to have a successful project when the works actually commence. In this blog post we discuss 4 key commercial activities which we believe should be undertaken to […]
What is a Prime Cost Sum

What is a Prime Cost Sum (PC Sum)? A PC Sum is a budget which is typically set by the Quantity Surveyor which should be expended on the supply only costs for materials or goods. PC Sums are normally used when the precise quality or specification of those materials and goods are unknown at the […]
What you need to know about Provisional Sums

What is a Provisional Sum? When an item of work or construction activity is anticipated but cannot be properly described and quantified, a predetermined sum of money is set aside by the Quantity Surveyor to cover the cost of said construction activity. This is a Provisional Sum. A provisional sum will be identified as either […]