In my latest article, “Understanding Prime Cost Contracts, PC Rates, and Provisional Sums in Construction Contracts,” featured in Al Mohandis magazine by the Bahrain Society of Engineers, I delve into essential components of construction contracts. The article clarifies how Prime Cost (PC) rates and provisional sums function within contract frameworks, offering insights into their significance for budget management and project scope flexibility. This discussion is particularly valuable for professionals aiming to enhance their contract administration knowledge and ensure cost efficiency in construction projects.
Read the full article from bse.com website – page 28 via this [LINK]
