Schedule of tender adjustments
The contract documents for the construction of a built asset may include a schedule of tender adjustments or clarifications. These are adjustments to the tenderer’s prices negotiated and agreed after the receipt of tenders but before signing the contract.
Contractors may want to make tender adjustments because of risk elements, last-minute changes in pricing policy, working methods, and so on. These are usually covered by a lump sum, calculated and inserted in the preliminaries or elsewhere in the bill of quantities.
Some contracts will also allow for adjustment of the contract sum after the contract has been signed, because of variations, fluctuations, prime cost sums and so on. See contract sum for more information.
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
Licensing construction; looking back to look forward
Voluntary to required contractors (licensing) schemes.
A contractor discusses the Building Safety Act
A brief to the point look at changes that have occurred.
CIOB Construction Manager of the Year award
Shortlist set to go head-to-head for prestigious industry title.
How orchards can influence planning and development.
HSE simplified advice for installers of stone worktops
After company fined for repeatedly failing to protect workers.
Co-located with 10th year of UK Construction Week.
Time for knapping, no time for napping
Decorative split stone square patterns in facades.
A practical guide to the use of flint in design and architecture.
Designing for neurodiversity: driving change for the better
Accessible inclusive design translated into reality.
RIBA detailed response to Grenfell Inquiry Phase 2 report
Briefing notes following its initial 4 September response.
Approved Document B: Fire Safety from March
Current and future changes with historical documentation.
A New Year, a new look for BSRIA
As phase 1 of the BSRIA Living Laboratory is completed.
A must-attend event for the architecture industry.
Caroline Gumble to step down as CIOB CEO in 2025
After transformative tenure take on a leadership role within the engineering sector.
RIDDOR and the provisional statistics for 2023 / 2024
Work related deaths; over 50 percent from construction and 50 percent recorded as fall from height.