Not All Provisional Sums Are Created Equal
A FREE practical guidance note on managing time and cost risk for Provisional Sums under NZS 3910:2013 and NZS 3910:2023
What You'll Learn in This Guide
Learn how different approaches to Provisional Sums affect pricing, programming, margin, P&G and contract administration under NZS 3910.
Define Scope at Tender
The exact wording Principals and Contractors should use to define Provisional Sum scope at tender stage
Understand Foreseeability
What the foreseeability test under Clause 9.7.4 actually means for your entitlement
Avoid the Variation Trap
The administrative trap that catches contractors when uninstructed Provisional Sum work is removed from the Contract Price
Written by Stuart Bailey, Director | Chartered Quantity Surveyor (MRICS)
Stuart Bailey MRICS has over 30 years' experience advising Principals, Contractors and Engineers on procurement, commercial risk and NZS 3910 contract administration. He delivers NZS 3910 training throughout New Zealand.
Want to Go Deeper?
This guide covers the fundamentals, but Provisional Sums are just one part of NZS 3910. Stuart runs full-day and online courses across New Zealand covering the entire contract, from foundations to the 2023 updates.
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Disclaimer: This guidance note is intended as general industry guidance only and does not constitute legal advice. Parties should consider the specific drafting, pricing structure and risk allocation adopted within their particular contract when administering Provisional Sums under NZS 3910.