Provisional Sum definition

Provisional Sum means a sum (if any) which is specified in the Contract as a provisional sum, for the execution of any part of the Works or for the supply of Plant, Materials or services under Sub-Clause 13.5 [Provisional Sums].

Provisional Sum means a sum, described as such for the execution of Works or for the supply of goods or services to be used in accordance with sub Clause 36.1.

Provisional Sum or “PROVISIONAL LUMPSUM” means a lump-sum include by the BHEL in the tender documents and represent the estimated value of work for which details are not available at the time of inviting the tender.

Examples of Provisional Sum in a sentence

• The Engineer shall include a Provisional Sum for this item to be expended only as and when the Contractor is instructed to carry out tests at approved material testing laboratories.

• Clause 37 applies only when Annexure G2-C2/A specifies that a Provisional Sum for Primary Testing is included in the Contract.

• Payment will be the amount paid to the Subcontractor by applying the subcontract schedule of rates for Primary Testing adopted in accordance with Clause 37.2, plus the Provisional Sum margin added in accordance with Clause 55.4 of the General Conditions of Contract.

• Nominal quantities have been indicated against each item of day work, and the extended total for day work shall, be carried forward as a Provisional Sum to the Summary Total Bid Amount.

• ROVISIONAL SUMSFor items of work which are subject to a Provisional Sum, you are not entitled to payment additional to that provided under Clause 55.4 of the General Conditions of Contract or an extension of time for Completion if the Principal instructs you to carry out work having a cost greater or less than the Provisional Sum, or does not instruct that work which is the subject of a Provisional Sum will be carried out.

More Definitions of Provisional Sum

Provisional Sum or “Provisional Lump sum” means a lump sum included by the Employer in the tender documents and shall represent the estimated value of work for which details are not available at the time of issue of tender.

Provisional Sum or “PROVISIONAL LUMPSUM” means a lump sum included by the BHEL in the work for which details are not available at the time of inviting tender.

Provisional Sum means a sum included in the contract and so designated in the bill of quantities for execution of works or the supply of goods, materials or services or for contingencies, which sum may be used, in whole, or in part, or not at all, at the direction or discretion of the Consultant. The contract price shall include only such amounts in respect of the work, supply or services to which provisional sums relate as the Consultant shall approve or determine.

Provisional Sum or "Provisional lump sum" shall mean lump sum included by university in tender documents and shall represent the estimated value of work for which details are not available at the time of issue of tender.

Provisional Sum means a sum included in the Contract and so designated in the Bill of Quantities for the execution of any part of the Works or for the supply of goods, materials, Plant or services, or for contingencies, which sum may be used, in whole or in part, or not at all, on the instructions of the Engineer. The Contractor shall be entitled to only such amounts in respect of the work, supply or contingencies to which such Provisional Sums relate as the Engineer shall determine in accordance with this Clause. The Engineer shall notify the Contractor of any determination made under this Sub-Clause, with a copy to the Employer.

Provisional Sum means a sum included in the bill of quantities for the construction management services, execution of work, supply of goods/materials/ services or contingencies where the work items cannot be quantified accurately. The provisional sum amounts shall be included in the BOQ, by the Engineer/Provincial Director as per relevant assumptions on the matter and should be reasonable and justifiable respect to the site conditions and design requirements. This shall be executed in whole or in part or not at all at the direction and discretion of the Resident Engineer /Chief Engineer/Provincial Director. In case the provisional sum provided is not sufficient, funds allocated for contingencies item in the estimate shall be utilized to cover additional cost subject to the approval of the Provincial Director.

Provisional Sum means a sum included in the Contract and so designated in the Bill of Quantities or Activity Schedule for the provision of supplies, works or services or for contingencies to be expended for the execution of the Works in whole or part at the direction of the Project Manager.