Task 4 Quantity Surveying Flashcards
what is the definition of an interim evaluation?
between a period of time work will be complete. 30% of work or 45% then you pay them the difference of work that they have completed in that time. You take out the work that was previously paid so you are left to pay the extra that has not been paid.
what different forms o contract are there?
JCT - design and build or traditional or subcontract (not a procurement method just a sub contract design and build) , NEC, FIDIC.
Who is the payment certifying officer?
IT could be the project manager or the architect - if its a JCT from of contract it is the architect if its an NEC from of contract its the project manager
if the claim is submitted how long until the certificate should be issued? (time the contractor is to be paid)
28 days
When should the claim be assessed?
a week before the certificate is to be issued
what is a preliminary?
things on site that are not apart of the finished project like site offices and cranes.
what is an overhead cost?
indirect costs associated with managing a construction project that are not directly attributable to specific tasks or materials. costs of the project that will not be there when the project has finished such as office blocks, architects etc.
give some examples of fixed costs in construction.
salaries, rent (office space, storage…) , utilities, insurance, licencing and permits …
give some examples of time related costs.
equipment/ plant ( depending on the time of work its needed for or delays) , labour costs, site overhead, financing costs, delay penalties …
define fixed costs.
these are expenses that remain constant regardless of the level of activity or project duration, such as salaries, rent, insurance, and equipment depreciation.
define time related costs.
These costs accumulate based on the duration of the project, including labor wages, equipment rental fees, site overhead, and financing charges, which increase as the project takes longer to complete.
define site hoarding.
Site hoarding refers to temporary barriers or fencing that enclose a construction or renovation site. It’s typically made of plywood, metal, or similar materials. serves purpose of safety, security, aesthetics and advertising.
what is a lump sum?
the total amount of money to be paid at the end.
would site accommodation and welfare facility be a time related cots or a fixed cost.
time related as delays or time overruns may cause a need for them to be rented longer.
what are dayworks?
work that is done daily. and are not part of the original bill of quantities.
what is a nominated sub-contractor?
a client chosen sub-contractor to carry out some tasks of the work.
what is a variation?
Extra tasks that have been identified that are not included in the original scope of works.