Mastering Provisional Sums: Navigating Complex Situations as a World-Class Quantity Surveyor (EP 190)

Own The Build

This episode features Paul and Chris Barber, Chief Visionary Officer at C-Link, to tackle the challenges of managing Provisional Sums in construction projects.

• Provisional Sums in Focus: Chris explains what Provisional Sums are, their purpose in contracts, and the risks they pose if not properly managed.
• Realistic Scenario – Landscaping Provisional Sum: Imagine managing a high-rise project where a £250,000 Provisional Sum for landscaping balloons to £400,000 due to new requirements. Chris guides you through the first steps a world-class QS should take to reassess costs and communicate effectively with the client.
• Detailed Cost Analysis: Learn how to conduct a thorough cost analysis of new requirements and compare it against the original Provisional Sum to ensure accuracy.
• Negotiation and Client Management: Discover strategies for negotiating with clients and contractors, managing expectations, and securing additional funding where necessary.
• Updating the Contract: Understand how to adjust contracts to reflect new costs, including the legal implications and documentation needed to protect all parties.
• Mitigating Future Risks: Chris shares lessons learned and pre-emptive measures to minimise risks associated with Provisional Sums in future projects.

Tune in to gain practical insights into handling complex Provisional and Prime Cost Sums and ensuring your projects remain on track and within budget!

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C-Link is software built by Quantity Surveyors for Main Contractors. We save 600 hours of Quantity Surveying time per project in automation. We can make your QS’ so much more efficient.