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Prime costed items
When you can’t accurately quote for an item to be installed as part of a building project, it needs to be included in the contract as a prime costed (PC) item.
In this detailed resource designed for builders, explore several examples of how to handle this situation when the cost exceeds the allowance, allowance exceeds cost or when a contract sum reduction is required.
Find out everything you need to know about integrating items you’re yet to pay for or select into your contract in this expert-led article.
Access this resource now
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Who is it for?
Building Professionals
Builders who work in the residential building industry that engage in contracts with homeowners.
What does it include?
- What is a prime costed item?
- Including PC items in your contract
- What should the estimate include?
- How the final cost of the PC item is calculated
- Whether a variation is required
- Can a PC item be removed from the contract?