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In construction law, overheads refer to the indirect costs associated with a construction project that are not directly attributable to specific tasks or materials. These can include expenses such as administrative costs, utilities, office supplies, and salaries of supervisory staff. Overheads are typically calculated as a percentage of direct costs and are crucial for determining the total project budget and ensuring that contractors are adequately compensated for their expenses. Properly accounting for overheads is essential to avoid disputes and ensure financial viability.
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What has the author Nancy J White written?
Nancy J. White has written: 'Construction Law for Managers, Architects, and Engineeers' 'Principles and practices of construction law' -- subject(s): Construction contracts 'Construction law for managers, architects, and engineers' -- subject(s): Construction contracts, Construction industry, Law and legislation
When was Construction Law Journal created?
Construction Law Journal was created in 1990-04.
What has the author McNeill Stokes written?
McNeill Stokes has written: 'Construction law for owners and builders' -- subject(s): Construction contracts, Construction industry, Law and legislation 'Construction law in contractor's language' -- subject(s): Construction contracts
What is a definition for dayworks in construction?
Dayworks apply when a payment is made to a contractor based on the cost of materials and wages plus a percentage for overheads and profits.
What has the author Barry B Bramble written?
Barry B. Bramble has written: 'Bramble' 'Construction delay claims' -- subject(s): Construction industry, Law and legislation, Construction contracts, Liability (Law) 'Avoiding & resolving construction claims' -- subject(s): Construction industry, Law and legislation, Construction contracts, Actions and defenses
What are non production overheads?
Non production overheads are costs associated with the workings of a company. These costs do not go directly into making the item. For example, electricity or office space are non production overheads.
Is construction litigation commercial law?
Yes because construction is a business.
What is included in direct overheads and what is included in indirect overheads?
The items which are included in direct overheads are the ones which are directly related to production process like salaries of machine operators and buying raw materials. The ones that are included in indirect overheads do not relate to production like giving to charity among others.
What is a example of strict construction?
The draft law.
What is the difference between variable overheads cost variance andfixed overheads cost variance?
Variable overhead cost variance is that variance which is in variable overheads costs between the standard cost and the actual variable cost WHILE fixed overheads cost variance is variance between standard fixed overhead cost and actual fixed overhead cost.
What ara overheads cost?
Overheads are the ongoing expenses of operating a business that are not directly tied to producing a product or service. They include costs such as rent, utilities, salaries of non-production staff, and office supplies. Overheads are essential for maintaining daily operations but do not contribute directly to revenue generation. Properly managing overheads is crucial for maintaining profitability and efficiency.
What has the author Clarence W Dunham written?
Clarence W. Dunham has written: 'Planning industrial structures' -- subject(s): Design and construction, Factories, Usines 'The theory and practice of reinforced concrete' -- subject(s): Concrete construction, Reinforced concrete, Reinforced concrete construction 'Dunham and Young's Contracts, specifications, and law for engineers' -- subject(s): Construction contracts, Engineering contracts, Engineering law, Law 'Contracts, specifications, and law for engineers' -- subject(s): Buildings, Construction contracts, Engineering, Engineering contracts, Engineering law, Law, Specifications
