Title Guidelines for Provisional Sum in Public Construction Projects
Authors Lee, Jae-Seob
Page pp.157-165
ISSN 1229-7534
Keywords Public Construction Project ; Provisional Sum ; Construction Disputes
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 tothese ambiguous contract situations, disputes between owners and contractors are surely expected to settle down PS inconstruction projects. This paper focused on suggesting a guideline to settle down PS in these ambiguous contract situations. Theguideline suggested in the paper is expected to be used as a reasonable method to settle down PS avoiding nonproductivedisputes about PS in construction projects