Calculating the overheads when a job has hit delays
Series: Construction News ; (6693) 23 November 2000, 31(1)Publication details: 2000Subject(s): Summary: Examines contractors' delay claims which include a claim for 'head office overhead and profit'. Claimants often use one of three arithmetical formulae - Hudson's, Emden or Eichleay - to calculate their claims. Such a claim can only succeed if it can be proved that the contractor was deprived of the opportunity to win work. The article describes the different types of overhead that can be included and examines each of the formulae before advising that formulae must be used with caution.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS63257 (Browse shelf(Opens below)) | 1 | Available | 109888-1001 |
Examines contractors' delay claims which include a claim for 'head office overhead and profit'. Claimants often use one of three arithmetical formulae - Hudson's, Emden or Eichleay - to calculate their claims. Such a claim can only succeed if it can be proved that the contractor was deprived of the opportunity to win work. The article describes the different types of overhead that can be included and examines each of the formulae before advising that formulae must be used with caution.