Transcription of COST PREDICTION - RICS
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COST PREDICTION - RICS
COST PREDICTIONPROFESSIONAL STATEMENTG lobal1st edition, November 2020 COST PREDICTIONRICS professional statement, global1st edition, November 2020 Effective from 1 July 2021 Published by the Royal Institution of Chartered Surveyors (RICS) Parliament SquareLondonSW1P 3AD No responsibility for loss or damage caused to any person acting or refraining from action as a result of the material included in this publication can be accepted by the authors or 978 1 7832 406 8 Royal Institution of Chartered Surveyors (RICS) November 2020. Copyright in all or part of this publication rests with RICS. Save where and to the extent expressly permitted within this document, no part of this work may be reproduced or used in any form or by any means including graphic, electronic, or mechanical, including photocopying, recording, taping or web distribution, without the written permission of RICS or in line with the rules of an existing effort has been made to contact the copyright holders of the material contained herein.
Nov 19, 2020 · Contract sum The consideration that the client pays the provider for the works, and any design as defined in the contract. Cost In any transaction 'cost' is what the buyer pays and 'price' is what the seller charges: they have the same value. In this document the term cost is used for the value of a transaction.
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