Hi Friends,
A Brief Description of the Project:
Ours is a lumpsum project, using modified fidic 4th edition
In our BoQ we have a seperate Section for preliminaries which covers most of our overhead expenses. Also we have a rate break down for each item in the BoQ, which breaks down the rate to labour,material,overhead, and lastly profit.
My question is since ours being a lumpsum project are we eligible for the overhead and profit portion of the deleted (Variation )item from the BoQ arrived using the rate breakdown, apart form the preliminaries. Or we loose the complete amount of the deleted items.
Hope to hear from all of u soon.
A Brief Description of the Project:
Ours is a lumpsum project, using modified fidic 4th edition
In our BoQ we have a seperate Section for preliminaries which covers most of our overhead expenses. Also we have a rate break down for each item in the BoQ, which breaks down the rate to labour,material,overhead, and lastly profit.
My question is since ours being a lumpsum project are we eligible for the overhead and profit portion of the deleted (Variation )item from the BoQ arrived using the rate breakdown, apart form the preliminaries. Or we loose the complete amount of the deleted items.
Hope to hear from all of u soon.