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Day: May 17, 2023

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What Are Provisional Sums and Prime Costs in a Home Building Contract?

Margaret B. Parker 5 months ago
What Are Provisional Sums and Prime Costs in a Home Building Contract?

There is an allowance made in home building contracts for provisional sums. Essentially a provisional sum allows for the rise and fall of costs during the time between signing the building contract and completion of the work. It also may have a couple of factors that cannot be easily quantified […]

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