How to Adjust Provisional Sums in Your Construction Project
In construction projects, provisional sums play a crucial role in ensuring flexibility within the budget. However, as the project progresses, adjustments to these sums often become necessary to reflect actual costs. Understanding when and how to make these adjustments is essential for maintaining financial control and ensuring the project’s success. This article will guide you through the steps to adjust provisional sums, provide real-life examples, and explain the importance of effective management.