What does 'over budget' mean? If you are a sub-contractor, installing stairs, say, it might mean that the firm you are working for has a fixed-price deal that was supposed to get the job done in six months for. X thousand pounds.
Unfortunately your incompetent boss failed to price the job right and he has had to spend more on stair parts than he originally thought. This means he is 'over budget'.
His lads may have to take a pay cut because of this. But, sure as hell, the Football Club aren't going to stump up more money to bail out an incompetent sub contractor.
Alternatively, 'over budget' might mean something quite different and there will be no seats in the North Stand and we'll all have to watch football just like we used to on the terraces.
Keep these rumours flowing.
Don't Buckingham have to pick up the cost? I think its a fixed price contract.
lad came in shop today,he is working on stairs etc next 6 months,been told they are over budget already,can this be true as they have a long way to go
No they don't, If its for.... additional works... change of scope... actual cost overspend on a provisional sum they are entitled to further payments + OH&P.
Most quotes in the building game are only open for 120 days, therefore if orders have not been placed in time then contractors are within their rights to request additional costs.
is the correct answer - a QS I suspect?
A QS ..... Please do not tar me with that brush .... LOL
I am a Contracts Manager