Provisional Sums definition

Provisional Sums 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 instruction 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 the Clause. The Engineer shall notify the Contractor of any determination made under this Sub-clause.

Provisional Sums means amounts of money specified by the Procuring Entity in the Bill of Quantities which shall be used, at its discretion, for payments to nominated Subcontractors and other purposes detailed in the Tender Documents;

Provisional Sums or Provisional Lump Sum" means Lump Sum included by the corporation in the tender document and represents the estimated value of work for which details are not available at the time of going to tender.

Examples of Provisional Sums in a sentence

• The Error Correction Factor shall be computed by expressing the difference between the tender amount and the corrected tender sum as a percentage of the Corrected Builder’s Work (i.e. corrected tender sum less P.C. and Provisional Sums).

• A Tenderer expecting to incur expenditures in other currencies for inputs to the Works supplied from outside Kenya (referred to as “the foreign currency requirements”) shall (if so allowed in the TDS) indicate in the Appendix to Tender the percentage(s) of the Tender Price (excluding Provisional Sums), needed by the Tenderer for the payment of such foreign currency requirements, limited to no more than two foreign currencies.

• Provisional Sums A general provision for physical contingencies (quantity overruns) may be made by including a provisional sum in the Summary Bill of Quantities.

• Excluding Provisional Sums and provision, if any, for Contingencies in the Bills of Quantities, but including Day works where priced competitively.

• Foreign Currency Requirement as percentage of the Bid Price excluding Provisional Sums %.

More Definitions of Provisional Sums

Provisional Sums means an amount (if any) which is specified in the Bid as a provisional estimate in cases in which the full extent or nature of the work is not yet known for the proposed execution of any part of the Works or for the supply of plant, materials or services as may be instructed by the Engineer under GCC Sub-Clause 13.5.

Provisional Sums means amounts of money specified by the Procuring Entity in the BOQ which shall be used, at its discretion for meeting other essential expenditures under the Contract pursuant to GCC Sub Clause 75.

Provisional Sums 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

Provisional Sums. Again not new but look carefully at the definition. • “Rectification”. Gone is “Defects liability”. We now have an obligation to make good defects, shrinkages or faults in the materials or workmanship.

Provisional Sums means a sum included in the Contract and so designated in

Provisional Sums means any such sum as shall be identified specifically as such in the Tender Documents.

Provisional Sums means the provisional sums as set forth in Attachment C-3 to Appendix C with each provisional sum being a “Provisional Sum.”