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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The NZ Building Economist
Mar 3, 2023
'Project Specific' Overhead Recovery
NZS3910 misrepresents Overheads as ON SITE, or OFF SITE... Our definitions are clear, but our terminology is misleading. The NZS3910...
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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...
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The NZ Building Economist
Jan 30, 2022
Off Site Materials, Payment Terms and Risks
In these supply shortage, inflationary times, we order everything we can early, to secure the programme and the budget. But price and...
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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...
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The NZ Building Economist
Oct 24, 2021
Is a Bonus, Profit or Liquidated damages?
Monroe-Matic Calculating Machine A Bonus, is either 100% Profit or 100% Liquidated Damages, (LD's). It is all or nothing, resting on...
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The NZ Building Economist
Aug 22, 2021
Market Fluctuations on Contracts 2021, 2022, 2023...
Our industry has largely lived with Fixed Price Lump Sum contracts since the 1980’s demise of labour awards and relatively stable low...
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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...
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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.
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The NZ Building Economist
May 2, 2020
"Let the Profit Margin be" - The Principles of Valuation
The Contractors financial and overhead expenses include any number of risks that frequently arise including the financial impact of Covid-19
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