Nominated sub-contractors are those who have been selected by the architect under Clause 35 of the JCT05 to supply and fix materials as part of the contract. The architect will have usually gone out to tender and obtained a quotation for the work at an earlier stage. One of the main reasons is the lead-in [...]
Tags: architect, companies, Electrical, Engineers, Mechanical, Nominated, objection, reasonable, Service, subsidiary, Were
The cost to the contactor is the attendance allowance required to assist the client in carrying out the work or unloading their materials.The estimator adds profit and an attendance allowance to each of the nominated sub-contractor’s prime cost (PC). The profit, expressed as a percentage, does not have to be the same as added to [...]
Tags: carry out, Chartered, Confederation, Construction, contractor, facilities, general, Institution, profit, Royal, Surveyors
For decades, the interest that banks and savings and loans could pay on checking and savings accounts was regulated by the federal government. Savings and loans could pay 51⁄2 percent on passbook accounts, while banks could pay a maximum of 51⁄4 percent. The soaring inflation and interest rates of the late 1970s rendered those fixed [...]
Tags: Banks, Interest, Loans, Savings
