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Provisional Sum and Prime Cost items
A Provisional Sum item is used for work that cannot be priced at the time of signing the contract. A Prime Cost item is an item that has not been selected or the price is unknown at this time.
This detailed resource is designed for builders looking to include items that cannot be priced (or haven’t been chosen) at the time the contract is finalised.
Find out how to balance the actual costs and the allowances made, where they should be laid out in the contract and how to claim for an adjustment.
Access this resource now
Non-Member price
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Member price
FREE
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Who is it for?
Building Professionals
Residential building professionals in Victoria engaged in building projects.
What does it include?
- What is a Provisional Sum item?
- What is a Prime Cost item?
- Cost vs. allowances
- Claiming for adjustments
- Removing a PS or PC item.