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8 Cards in this Set
- Front
- Back
What is loss and/or expense? |
Reimburses the contractor for direct loss and/or expense incurred in carrying out additional work or from an employer’s breach of contract
4.20 to 4.23 |
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What are the procedures for claiming loss and expense? |
As soon as a the regular progress of the work is affected, or is likely to be affected, or the contractor becomes aware of any other matter that would cause them to incur loss and expense, they should notify the architect in writing |
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What are Relevant Matters, how many are there? |
The events that entitle the contractor to loss and/or expense, along with deferment of possession of the site.
There are 5 relevant matters set out in Clause 4.24: |
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What is the key thing to remember when assessing loss and expense claims? |
It should be the ACTUAL loss incurred by the contractor |
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What are the common heads of claim in loss and expense applications? |
Prolongation (extra site overheads i.e. preliminaries) |
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Hudson, Emdem or Eichlaey formulae
What are the Hudson and Emdem formulas?
(Head Office overheads + profit) ÷ 100 x contract sum ÷ period in weeks x delay in weeks |
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Once loss and expense is ascertained how is it added to the contract sum? |
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What is a global claim?
Why might you want to limit them? |
No attempt to separate out all of the difference causes and their effects. Lists a whole load of causes of delay / loss and expense and gives the overall effect |