I have a problem which involves an amendment to an item which is in a BOQ and has been priced as a composite item. The item is fairly complex and the replacement more complex than the original.
To keep things easy, lets say the original item was a shed and the replacement was a garage.
Shed 1nr x £10,000.00 = £10,000.00
The appropriate fee percentage is 20%.
The shed does not get built and in simple terms in omitted. A garage is built in its place, the garage was built with a Defined cost of £20,000.00.
Clause 63.1 states:
The changes to the Prices are assessed as the effect of the compensation event upon:
- the actual Defined Cost of the works already done,
- the forecast Defined Cost of the work not yet done and
- the resulting Fee.
Is the resultant Fee:
a) £2000.00 or
c) or some other sum (lets say it was going to cost me £9k to supply and install a shed)