Flashcards
Case Study Questions
Cards in this deck (11)
- 1How does the JCT contract deal with variations?Section 5 of the contract deal with variations, the definition, and the valuation rules
- 2What are the different clauses?5.1 - Definition
5.2 - Valuation of variations and prove sums
5.3 - Variation quotation
5.4 - Contractors right to be present at measurement
5.5 - Effect to valuation agreement
5.6 - Measurable work
5.7 - Daywork
5.8 - Contractors design portion
5.9 - Change of conditions of work
5.10 - Additional provisions - 3What is a cost report?A document used to monitor and present the running cost to the employer
- 4what would you included in a cost report?1) Executive summary
2) Current budget
3) Contingency position
4) Commitment & expenditure to date
5) Anticipated final account
6) Instructions and variations
7) Provisional sum agreements
8) Variation tracker/register - 5How did you manage the risk of variations?Within the cost plan we allowed a percentage contingency that allowed us to mitigate the risk of unknown changes
- 6What measures can be taken to control cost during the construction of a project?1) Contingency management
2) Change control procedures
3) Managment of provisional sums
4) Cost reporting
5) Rolling Final account
6) Value engineering work shops - 7What ways does the contract administer cost?Different sections 4 & 5 for variations and payments
- 8Why might a variation arise?1- Change to spec or drawings
2- Discrepancy between contract documents
3- Discrepancy with statutory requirements
4- Error or ommisions - 9What was your process to negotiating variations?1- Check contract clauses
2- Analys the contractors variation and tender for duplication
3- Prepare case for reasons and backup if I don't agree - 10What are the processes of obtaining a cost for a variation?1- Agreement between the employer and contractor
2- Schedule 2 quotation
3- QS valuation under valuation rules - 11What does the quotation contain?a) Value of the works
b) Adjustment for time
c) Loss and expense claim
d) Cost for preparing the quote
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- chartership T10 Commercial Managment of Construction Flashcards on Case Study Questions, created by Fred Fulford on 14/07/2015.
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- Fred Fulford
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