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When lump sum contract with quantities is used?

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Question added by Sainath reddy Karadu , Quantity Surveyor , Stup Consultants Pvt. Ltd., (PMC)
Date Posted: 2016/01/17
Ahmed Ibrahim Abdelaal
by Ahmed Ibrahim Abdelaal , Commercial & Quantity Surveying Manager , Faithful + Gould (Atkins) / SNC Lavalin

L.S Contract with QTY's always used with contracts that based on Progress/ Milestones in its payments , and QTY's here used for pricing and biding the works in pre-contact and for  creating WBS/Payment mechanism for monitoring the works in post contract  and such case the contract value will be fixed within agreed range of final QTY take off at the end of project ( for ex. +/-% )

Vineeth P
by Vineeth P , Estimation Engineer , Bukhatir group ,Touch wood interiors

its total amount we are considering a total amount not re measurable contracts

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