What does PC sum mean on a quote?
What does PC sum mean on a quote?
Prime Cost Sum
The PC Sum, or Prime Cost Sum, mostly refers to the costs of fixtures and fittings. Providing serial/model numbers, and the exact quantities needed of your PC items will allow the contractor to give a more accurate PC Sum in your tender costs.
What is PC sum and provisional sum?
A PC item is an amount of money included in a contract sum to purchase a specified item such as tiles, taps, doors or bathroom fittings. A provisional sum is an amount of money included in the contract sum to cover work or materials, or both, the extent of which cannot be specifically detailed when entering a contract.
What is PC rate in construction?
PC (Prime Cost) Adjustment is one of those. To be precise, in re-measurement contract, Contractor will get compensated for the actual quantity with the revised PC rate where in LS Contract, Contractor will be compensated for actual quantity multiplied by the adjustment amount as a LS on top of original LS amount.
What is a PC amount?
PC stands for Prime Cost item. A Prime Cost item is an amount of money which has been allowed for an item in the project for which the labour which goes with that item has been included within the total price of the project. The PC amount is to supply the item only.
What is included in PC sums?
PC Sums exclude all costs associated with fixing or installation, all ancillary and sundry materials and goods required for the fixing or installation of the materials or goods, subcontractor’s design fees, subcontractor’s preliminaries, subcontractor’s overheads and profit, main contractor’s design fees, main …
What does PC cost mean?
prime cost sum
A prime cost sum (PC or PC sum) is an allowance, usually calculated by the cost consultant, for the supply of work or materials to be provided by a contractor or supplier that will be nominated by the client (that is, a supplier that is selected by the client to carry out an element of the works and imposed on the main …
What is the formula for prime cost?
Prime cost = direct materials cost + direct labor cost The formula of prime cost is just a sum of all the cost of production incurred directly in regards to the manufacture of goods.
What is difference between BOM and BOQ?
BOQ is stands for Bill of Quantity. Not very widely used term, but this is a list of all components with quantities needed to build a product or fulfill the order. BOM (bill of Materials) is more broad term can combine different variants, forms and include hierarchical and other relationships.
Whats PC means?
personal computer
A PC is a computer that is used by one person at a time in a business, a school, or at home. PC is an abbreviation for personal computer. PC is an abbreviation for politically correct.