My builder has presented me with a quote containing prime cost and provisional sum items. I have now received a MBQ Residential Level 2 contract with (a) Building works component = a positive dollar amount, (b) Total allowances for Prime Cost Items = a positive dollar amount and (c) Total allowances for Provisional Sum Items = $0. From what I understand, the builder has essentially grouped the provisional sum items as a lump sum (aka. fixed price) component in the contract.
I'm assuming that the builder now has enough certainty to make the provisional sums from the quote a fixed price in the contract. Of course this is something I'll need to confirm with the builder.
However, I'm interested in hearing if others have had a similar experience where their builders have made the provisional sums fixed in their contract.
I'm assuming that the builder now has enough certainty to make the provisional sums from the quote a fixed price in the contract. Of course this is something I'll need to confirm with the builder.
However, I'm interested in hearing if others have had a similar experience where their builders have made the provisional sums fixed in their contract.
