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What to Allowance |
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Allowance any cost that can't be calculated accurately based on the existing blueprints and specs. For example, the following items are nearly always allowanced, unless the exact model and brand of material has been determined before the start of work: *
Plumbing and electrical fixtures. You may also want to allowance the cost of materials that have recently experienced rapid price changes. The following items have all experienced dramatic short-term price fluctuations in the recent past, and would probably be best handled with an allowance: *
Copper HINT: You may want to allowance some of these costs only if the price changes by more than a specified percentage. The Stock Clauses in the MacNail construction management software include a clause handling that situation (see page 51). |