Matters provisional

3 December 2012

We have a quotation from our builder including Provisional Sums for the kitchen fittings, sanitary fittings and electrical work. What effect will this have on what we will have to pay out?

Answers

The use of Provisional Sums is a method for providing you with an approximate overall cost of the work for budget purposes at an early stage of a project. They usually cover items where it may be too early to decide on the colour and specification of items like kitchen and bathroom fittings so a sum is included that will be adjusted later. However, the values included should be realistic or the budget will not serve its purpose.

3 December 2012

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