Level 2 - Devonshire Row - PTE / Market Testing

Question 1

What are some of the risks with market testing?

Answer 1

• Budget cost advice only so suppliers cannot be held to the rates provided
• May be overly competitive to get their foot in the door
• Based on limited design / time frame
• They may not fully understand the scope or the project abnormal

Question 2

What Pricing Documents are you aware of?

Answer 2

Schedule of works – doesn’t have quantities (contractors responsible for quantifying)

Schedule of rates – list of rates the contractor will use for pricing cost reimbursable dayworks

CSA – D&B contracts split elementally

BoQ – Used in traditional works generally prepared by client QS with a detailed break down all items of works

Question 3

What risk allowances were included in your PTE?

Answer 3

Design Development
Construction
Included as a line item at 10%

Question 4

What is a PTE?

Answer 4

QS last estimate using design info that the contractors will use to give the client an indication of what the cost of the works will be

Question 5

What bespoke items did you market test?

Answer 5

Feature ‘rock effect’

Arrival wall