What is a provisional sum?
A provisional sum is an allowance included in a fixed price construction contract for an item of work that cannot be priced by the contractor at the time of entering the contract.
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A provisional sum is an allowance included in a fixed price construction contract for an item of work that cannot be priced by the contractor at the time of entering the contract.
Read MoreMany principals consider that parts of AS 2124 are too heavily weighted in favour of the contractor. Because of this, AS 2124 is regularly issued with amendments or special conditions. This article su...
Read MoreThis article explains practical completion under AS 2124 – what it is and the notice requirements for claiming it.
Read MoreThis article explains how to claim a variation under AS 2124. It includes a flowchart to explain the process.
Read MoreBoth AS 2124 and its successor AS 4000 are widely used forms of construction contract in Australia. Although they have many similarities, there are some significant differences.
Read MoreThis article explains how to claim an extension of time (EOT) under AS 2124. It includes a flowchart to explain the process.
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