Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/222687
DC FieldValue
dc.titlePERFORMANCE OF MEASUREMENT AND LUMP SUM CONTRACTS IN THE CONTEXT OF VALUING VARIATIONS
dc.contributor.authorTAN JIE LIN JASLYN
dc.date.accessioned2016-07-12T04:17:43Z
dc.date.accessioned2022-04-22T18:13:40Z
dc.date.available2019-09-26T14:14:07Z
dc.date.available2022-04-22T18:13:40Z
dc.date.issued2016-07-12
dc.identifier.citationTAN JIE LIN JASLYN (2016-07-12). PERFORMANCE OF MEASUREMENT AND LUMP SUM CONTRACTS IN THE CONTEXT OF VALUING VARIATIONS. ScholarBank@NUS Repository.
dc.identifier.urihttps://scholarbank.nus.edu.sg/handle/10635/222687
dc.description.abstractThere are two main types of contract used in Singapore; Measurement and Lump Sum Contract. From the literature review, inadequate designs and drawings could have led to the choice of the different contracts. Lump Sum Contracts are usually utilized when finalized designs are not involved. This could possibly lead to difficulty in valuation of variations as the SOR is drafted from incomplete designs, unlike if Measurement Contract is used. With the lack of comprehensive BQ or SOR, a fair valuation is to be made, resulting in the formation of star rates. The underlying principle in fair valuation and star rates is the idea: quantum meruit. As a result, there are many methods of deriving the star rates, increasing the time involved in valuing variations. Therefore, this paper aims to raise awareness of the performance of valuation of variations in Lump Sum Contract compared to the Measurement Contract. This paper proposes the comparative study of the construction documentation from projects of each type of contract. The comparative study helps in investigating how they would value variations, such as which contract resulted in a greater number of star rates. It is concluded through pattern matching that Lump Sum Contract results in greater difficulty in valuing variations as it has more star rates. However, the limitation of this study is the results could not be generalized to the general population due to the lack of time. Nevertheless, the study remains significant as it encourages the consideration of post-contract problems when choosing the type of contract.
dc.language.isoen
dc.sourcehttps://lib.sde.nus.edu.sg/dspace/handle/sde/3457
dc.subjectBuilding
dc.subjectPFM
dc.subjectProject and Facilities Management
dc.subjectChan Chuen Fye Philip
dc.subject2015/2016 PFM
dc.subjectBills of Quantities
dc.subjectLump Sum Contract
dc.subjectMeasurement Contract
dc.subjectQuantum Meruit
dc.subjectSchedule of Rates
dc.subjectStar Rates
dc.subjectValuation of Variation
dc.typeDissertation
dc.contributor.departmentBUILDING
dc.contributor.supervisorCHAN CHUEN FYE PHILIP
dc.description.degreeBachelor's
dc.description.degreeconferredBACHELOR OF SCIENCE (PROJECT AND FACILITIES MANAGEMENT)
dc.embargo.terms2016-07-15
Appears in Collections:Bachelor's Theses

Show simple item record
Files in This Item:
File Description SizeFormatAccess SettingsVersion 
Tan Jie Lin Jaslyn 2015-2016.pdf1.61 MBAdobe PDF

RESTRICTED

NoneLog In

Google ScholarTM

Check


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.