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Attendance fees charged by main contractors to clients typically cover the costs associated with the contractor's on-site presence, including supervision, project management, and coordination of subcontractors. These fees can vary based on project complexity and duration, often structured as a fixed rate or a percentage of the total project cost. The aim is to ensure that the contractor can effectively oversee the project's execution while maintaining quality and safety standards. Clients should clarify these fees in their contract to avoid misunderstandings.
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Why allow for profit and attendance in prime cost sum?
Allowing for profit and attendance in the prime cost sum is important because it provides a comprehensive view of the total costs associated with producing goods or services. Profit represents the return on investment and is essential for the sustainability of a business. Attendance factors in the labor costs required to produce the goods or services, ensuring that all expenses are accounted for in determining the prime cost. By including profit and attendance in the prime cost sum, businesses can accurately assess their financial performance and make informed decisions for future operations.
What is the difference between prime cost and work cost?
Prime Cost has two meanings in construction. 1) Prime cost is the sum of all of the specialist works and specialist materials from nominated sub-contractors (NSC) and suppliers on site. The main Contractor can place a % profit and attendance on NSC, this must be adjusted in the final account. This is a Prime Cost as referred to in the Bill of Quantities 2) Prime cost in regards to a contract is the sum of all the major works which the Main Contractor must produce under the contract. Maybe knowing this will help you see the difference? I have never heard the phrase "work cost" to compare with prime cost.
What is the duties of income tax inspector?
The main job of an income tax inspector is the collection of taxes. This means making sure that all individuals file their taxes. They also are charged with finding out who is defaulting on their individual taxes.
What are the main liabilities of a Quantity Surveyor?
The main liabilities of a Quantity Surveyor include ensuring accurate cost estimates and budgets for construction projects, which can lead to financial repercussions if errors occur. They are also responsible for managing contractual obligations, meaning they must ensure compliance with agreements to avoid legal disputes. Additionally, Quantity Surveyors must uphold professional standards and ethics, as failing to do so may result in reputational damage or disciplinary action from professional bodies. Lastly, they may be liable for negligence if their advice or actions lead to significant losses for clients or stakeholders.
What is slip system?
In this system, posting is made from slips prepared inside the organization itself or from slips filled in by its customers. So entries are not made in the books of original entry or subsidiary books, but posting of entries is done from slips. In a banking company, the main slips are pay-in-slips, withdrawal slips and cheques and all these slips are filled in by clients of the bank. These slips serve the basis of entry in the ledgers and control accounts in the General Ledger are prepared on the basis of analysis of these slips
Who are the main clients of SAINS Malaysia?
One will find that SAINS Malaysia offers a variety of services and has multiple clients. One of their main clients if the Universiti Sains Malaysia Hospital.
What are the main barriers to identify to needs of client?
The main barriers to identify the needs of clients include communication barriers, and failure to identify the exact needs of your clients.
What are the main barriers to identifying the needs of clients?
To identify the needs of clients, you have to have to know your clients wants and needs. It is important to have communication with the client. It is also important to coordinate the care needed.
What are the main barriers to identify the needs of clients?
To identify the needs of clients, you have to have to know your clients wants and needs. It is important to have communication with the client. It is also important to coordinate the care needed.
What are the main rules used by contractors general liability insurance?
Contractors general liability insurance is based on one of two things, total receipts or payroll and cost of subcontractors. Contractors general liability insurance covers a company if their employees get hurt on the job or cause damage to a property while working.
What is the function of a representative office?
to enable clients to visit an domestic office where the main office is abroad. representative office may only carry out non-profit activities (e.g. providing information to clients and prospects, maintaining contacts with clients, prospects and main office). therefore, tatsks such as singing a contract on behalf of the company and invoicing (profit-activities) are not allowed. to enable clients to visit an domestic office where the main office is abroad. representative office may only carry out non-profit activities (e.g. providing information to clients and prospects, maintaining contacts with clients, prospects and main office). therefore, tatsks such as singing a contract on behalf of the company and invoicing (profit-activities) are not allowed.
What services does the Waterproofing Contractors Association offer?
The Waterproofing Contractors Association's main objective is to help the consumer prevent leaks in foundations. They offer information on technology and products available which will help protect homes from water damage.
What is general attendance in construction?
general attendance - An a large project, the main contractor provides temporary works such as scaffolding, power and water supply, etc. which are also used by the subcontractors. Charges for their use are deducted from payments made by the main contractor to each subcontractor, in proportion to the value of each sub-contract.
What is made up of a nucleus?
the nucleus is composed of two main particles the positively charged proton and the neutrally charged neutron
What is ACE market vs Main market definition?
Ace Marketing is a marketing and fundraising firm. Main Marketing is similar. They help various clients with telemarketing campaigns, while ACE Marketing helps Fortune 500 clients and charities.
What is the main business of Russell Reynolds Associates?
Russel Reynolds Associates helps and advises their clients on recruiting and keeping outstanding leaders. It is a senior-level search and assessment for clients.
What are 2 main types of ions?
The two main types of ions are cations and anions. Cations are positively charged ions that have lost electrons, while anions are negatively charged ions that have gained electrons.
