Project Finance Flashcards
1
Q
What is loss and expense?
A
Claims associated with delays relating to a relevant matter where the contractor has incurred loss.
2
Q
What are some of the key heads of claims for loss and expense?
A
Prolongation: extra prelims
Thickening of prelims: extra supervision
Disruption: plant and labour to be unproductive
Finance charges
3
Q
What is a defined provisional sum?
A
A provisional allowance for work that is known and programme and prelims are allowed for.
4
Q
What is an undefined provisional sum?
A
Programme and preliminaries have not been allowed for so may be eligible for an EOT or additional prelims
5
Q
A
