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Guidelines for Provisional Sum in Public Construction Projects  

Lee, Jae-Seob (동국대학교 건축공학과)
Publication Information
Korean Journal of Construction Engineering and Management / v.6, no.5, 2005 , pp. 157-165 More about this Journal
Abstract
Recently, the term 'Provisional Sum(PS)' has been used in domestic public construction projects especially for civil works. Nevertheless, the guideline for PS has not been clearly stipulated in contract documents or construction-related laws. Due to these ambiguous contract situations, disputes between owners and contractors are surely expected to settle down PS in construction projects. This paper focused on suggesting a guideline to settle down PS in these ambiguous contract situations. The guideline suggested in the paper is expected to be used as a reasonable method to settle down PS avoiding nonproductive disputes about PS in construction projects
Keywords
Public Construction Project; Provisional Sum; Construction Disputes;
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