if what you are looking for is pertaining to the formulae for calculation and recovery of home and head office overheads, there is a rather lengthy but comprehensive article written by J G Zack fro Fluor USA, which I found rather useful.
I mean the indirect cost not direct like (materials) in pursuant to clause 70 of FIDIC. Indirect cost such as headoffice expences, overheads, fixed cost like camps and time related such as insurnace, manpower etc.
Member for
21 years 4 monthsRE: Price Adjustment on Prolongation Cost Claim
Dear Sanjeev,
if what you are looking for is pertaining to the formulae for calculation and recovery of home and head office overheads, there is a rather lengthy but comprehensive article written by J G Zack fro Fluor USA, which I found rather useful.
Pls download from
www.icoste.org/ZACK.pdf.
Best Regards
Andrew Huang
Project Resources International
Member for
21 years 4 monthsRE: Price Adjustment on Prolongation Cost Claim
Sanjeev,
I have sent you a private e-mail on this subject.
Stuart
Member for
21 years 1 monthRE: Price Adjustment on Prolongation Cost Claim
Stuart
I mean the indirect cost not direct like (materials) in pursuant to clause 70 of FIDIC. Indirect cost such as headoffice expences, overheads, fixed cost like camps and time related such as insurnace, manpower etc.
Thanks
sanjeev
Member for
21 years 4 monthsRE: Price Adjustment on Prolongation Cost Claim
Sanjeev,
Do you mean time related direct costs?
Usually, indirect costs – also sometimes called consequential damages – are not normally allowed!
However, direct costs that are time related to an EOT are usually allowed.
If you can clarify this point, we may be able to move forward.
Cheers,
Stuart
www.rosmartin.com