What is the purpose of politically correct language?
Political correctness (adjectivally: politically correct; commonly abbreviated PC) is a term used to describe language, policies, or measures that are intended to avoid offense or disadvantage to members of particular groups in society
What does PC stand for?
Stands for “Personal computer” PCs are what most of us use on a daily basis for work or personal use A typical PC includes a system unit, monitor, keyboard, and mouse
What does PC mean after a person’s name?
Professional corporations or professional service corporation (abbreviated as PC or PSC) are those corporate entities for which many corporation statutes make special provision, regulating the use of the corporate form by licensed professionals such as attorneys, architects, engineers, public accountants and physicians
What is a PC in law enforcement?
PC: probable cause, a legal standard for evidence gathering that is greater than reasonable suspicion PD: police department or police headquarters
What does PC stand for in building?
Prime Cost
What is a PC rate?
PC stands for Prime Cost item A Prime Cost item is an amount of money which has been allowed for an item in the project for which the labour which goes with that item has been included within the total price of the project The PC amount is to supply the item only
What is preliminary and general in construction?
Preliminaries and general owner occupation of the building weather and other protection of the works and existing building working space, storage, scaffolding, access restrictions working hours, security, access to existing facilities special conditions (phones, toilet facilities)
What is the meaning of bill of quantities?
The prime purpose of the Bill of Quantities (BQ) is to enable all contractors tendering for a contract to price on exactly the same information Subsequent to this, it is widely used for post-tender work such as: material scheduling; construction planning; cost analysis; and cost planning
What is a prelim in construction?
A preliminary notice is a document sent at the beginning of a construction job to inform the GC and property owner of their work on the project Many states require subcontractors and suppliers to send preliminary notice in order to preserve their right to file a mechanics lien if they don’t receive payment
What are prelim costs in construction?
Prelims are the cost of the site-specific overheads of any given project They are the costs that are directly related to the running of the project that are not accounted for under labour or material This may include such things as; – Some personnel costs are also usually included under prelims
What does OHP stand for in construction?
priced Overhead and Profit
What breakdown of costs may be included in project costs?
They include any costs or resources needed that are directly related to the project These costs can include labor, materials and equipment, and even travel costs
What is the difference between prime cost and provisional sum?
Traditionally, a prime cost is limited to the cost of supplying the relevant item, and does not include the cost of any work that relates to it (such as its installation) In contrast, provisional sums include allowances for both the supply item and all related work to be performed by the contractor
What is Prime cost example?
A prime cost is the total direct costs of production, including raw materials and labor Indirect costs, such as utilities, manager salaries, and delivery costs, are not included in prime costs Businesses need to calculate the prime cost of each product manufactured to ensure they are generating a profit
What are prime cost items?
A prime cost is defined as ‘an item that has not been selected, or whose value is not known, at the time a domestic building contract is entered into and for the cost of supply and delivery of which the builder must make a reasonable allowance in the contract’
What is contingency sum?
Contingency sum is the sum of money allowed in the project budget for expenditure on aspects of the project that were unforeseen or unforeseeable at the time of preparing documents Contingency Sum (known, unknown) covers a known risk which has an unknown cost value
What is a 10% contingency?
Most construction projects use a rate of 5%-10% from the total budget to determine contingency Typically that will cover any extra costs that might come up If issues arise, having budgeting issues could delay the whole project, and prevent work from being completed
What are contingencies?
Contingencies are conditions that must be met in order for a home sale to be finalized Depending on which party arranges for contingencies, they act as an additional measure of assurance for the buyer, seller or both
What are contingency items?
Contingency “refers to costs that will probably occur based on past experience, but with some uncertainty regarding the amount The contingency allowance is designed to cover items of cost which are not known exactly at the time of the estimate but which will occur on a statistical basis”
How is contingency calculated?
Percentage of Project Base Cost Estimate In deterministic methods, contingency is estimated as a predetermined percentage of base cost depending on the project phase In this technique, you take a percentage of the cost of the project and calculate the contingency amount
What is the definition of contingency plan?
Contingency planning is defined as a course of action designed to help an organization respond to an event that may or may not happen
What are contingency charges?
: a fee for services (as of a lawyer) paid upon successful completion of the services and usually calculated as a percentage of the gain realized for the client — called also contingent fee
What is construction contingency used for?
A construction contingency is an amount of money set aside to cover any unexpected costs that can arise throughout a construction project This money is on reserve and is not allocated to any specific area of work Essentially, the contingency acts as insurance against other, unforeseen costs
What are contingencies in project management?
A contingency plan in project management is a defined, actionable plan that is to be enacted if an identified risk becomes a reality It is essentially a “Plan B”, to be put in place when things go differently than expected
How much do lawyers take from settlement?
In the majority of cases, a personal injury lawyer will receive 33 percent (or one third) of any settlement or award For example, if you receive a settlement offer of $/b> from the at fault party’s insurance company, you will receive $and your lawyer will receive $/b>