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Definition of prime cost of daywork carried out under a building contract

By: Contributor(s): Language: English Publication details: London BCIS 2007Edition: 3rd edDescription: 16p. 30cmISBN:
  • 9781904829621
Subject(s): LOC classification:
  • 692.8 $2 18
Partial contents:
Application -- Composition of total charges -- Labour: option A - percentage addition; option B - all-inclusive rates; non-productive overtime -- Materials and goods -- Plant -- Incidental costs, overheads and profit; non-productive overtime -- Appendix A: model documentation for inclusion in a building contract, where using option A and option B for labour -- Appendix B: example calculations of prime cost of labour in daywork
Summary: Operative from 1 September 2007, this fully revised edition of the definition provides clear rules for calculating a standard hourly base rate for labour for building contracts. The definition provides two options for dealing with the prime cost of labour. "Option A: percentage addition" is based upon the traditional method of pricing labour in daywork, whereas "Option B: all inclusive rates" includes not only the prime cost of labour but also includes an allowance for incidental costs, overheads and profits.Summary: Supersedes 2nd edition (ISBN 0854060596).
Holdings
Item type Current library Call number Copy number Status Barcode
Archive London RICS Boxes RICS 2007/24 (Browse shelf(Opens below)) 1 Available 30073973
Book London RICS Boxes RICS 2007/24 (Browse shelf(Opens below)) 2 Available 30073975
Reference material London RICS Boxes RICS 2007/24 (Browse shelf(Opens below)) 4 Available 30073974

Application -- Composition of total charges -- Labour: option A - percentage addition; option B - all-inclusive rates; non-productive overtime -- Materials and goods -- Plant -- Incidental costs, overheads and profit; non-productive overtime -- Appendix A: model documentation for inclusion in a building contract, where using option A and option B for labour -- Appendix B: example calculations of prime cost of labour in daywork

Operative from 1 September 2007, this fully revised edition of the definition provides clear rules for calculating a standard hourly base rate for labour for building contracts. The definition provides two options for dealing with the prime cost of labour. "Option A: percentage addition" is based upon the traditional method of pricing labour in daywork, whereas "Option B: all inclusive rates" includes not only the prime cost of labour but also includes an allowance for incidental costs, overheads and profits.

Supersedes 2nd edition (ISBN 0854060596).