Head Contractor WDR excludes Subcontractor Time-related Costs
It is time to dispel the myth some Principal representatives have asserted, in recent times, that the Head Contractor Working Day Rate...
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'Project Specific' Overhead Recovery
NZS3910 misrepresents Overheads as ON SITE, or OFF SITE... Our definitions are clear, but our terminology is misleading. The NZS3910...
The NZ Building Economist
- Oct 5, 2022
One Notice Will Do, for “Extension of Time Variations” NZS3910
Have you been awarded an extension of time for a variation but denied the money for the variation and its time related costs for lack of...
The NZ Building Economist
- Aug 28, 2022
The Universal Overhead and Profit Recovery Formula (For Head & Sub Contractors Equitable Recovery)
NZS3910:2013 does not prescribe how to calculate a Working Day Rate but it does guide you to include 'Time related costs', and as you...
The NZ Building Economist
- Apr 10, 2022
Getting to the Entitlement Point, is what really Matters
Qualifying circumstances must always be treated as a variation. It is a choice to argue badly as a tactic to distract, confuse, delay,...
The NZ Building Economist
- Nov 28, 2021
The Principles of Valuation NZS3910:2013
Here we explore [1] Valuing Variation, [2] Valuing Other Matters, and [3] the Principles of Valuation, to be applied to everything being...
The NZ Building Economist
- Nov 21, 2021
Subcontractor Extension of Time Dis-entitlement, No harm no foul
Three infill units, Auckland's North Shore 2021 There was a time when subcontractors were never allowed to be late. It was a time when,...
The NZ Building Economist
- Apr 21, 2021
Offsite Overhead Recovery Mission
Late one October 2020 evening, while discussing work war stories (dispute resolution) at a bar, a senior construction executive / QS...
The NZ Building Economist
- May 9, 2020
Time to break out a “Time related overheads” claim, NZS3910 Style.
The nature of a Covid-19 Shutdown causes extreme under recovery of Off-site Overheads using the standard Working Day Rate or % methods.
![Your Construction Contract [NZS3910] & the Covid-19 Shutdown](https://static.wixstatic.com/media/d53af1_a62423ec13d34c7f8b99eeaff87561e2~mv2.jpg/v1/fill/w_454,h_341,fp_0.50_0.50,q_90,enc_auto/d53af1_a62423ec13d34c7f8b99eeaff87561e2~mv2.jpg)
The NZ Building Economist
- Apr 4, 2020
Your Construction Contract [NZS3910] & the Covid-19 Shutdown
When it comes to Covid-19 the contract empowers the Engineer with the responsibility and power to suspend the contract works.
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