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Construction Law/FIXED RATE ITEM AS PER PINK FIDIC 2010

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Question
DEAR,

KINDLY EXPAIN WITH EXAMPLE THE FIXED RATE ITEM AS PER CLAUSE 12.3 EVALUATION A(IV) .

Answer
Dear Imran,
Thank you for the question regarding fixed rate item specified under item a (IV) of Sub-clause 12.3 of Pink Book.
This is one of the conditions to be fulfilled for an item of work for which a new rate is required to be established.
Specifically, Fixed rate item means that the item is not measurable and it has fixed price specified in the “Bill of Quantities or in other Schedule" and the rates for these items would not be adjusted under this Sub-Clause. For example for dewatering, an amount of Rs one million has been placed/fixed for this item of work. I hope this answers your question.

Best Regards

Engr Arshad Mahmood

Construction Law

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Arshad Mahmood

Expertise

I may answer to the questions relating to FIDIC 4th as well as FIDIC 2010 MDB Harmonized version,price adjustment ,Variations,Eot and Cost claims,EPC Contract,Bidding Document,consultancy Contracts,certification,Standard Forms, Dispute resolution; and others pertaining to Contract implementation.

Experience

Contract management and Contract Administration, using FIDIC Conditions of 4th Addition as well as Fidic 1999 Red, Yellow and Silver Books including MDB Harmonized Edition 2010. Particularly in the area of Procurement of Contracts, Certification,Price Adjustment, variations,disputes management, EoT and Cost Claims; and other contractual issues arises from time to time during currecy of the Contracts.

Organizations
Member -Pakistan Engineering Council Member -Pakistan Engineering Congress Member -FIDIC Organisation

Publications
Joint Venture and Consortium Agreements for Pakistan Engineering Council,Pakistan

Education/Credentials
BSc Civil Engineering; Basic Management course; Hydro power Projects; and various other on Job Trainings

Awards and Honors
Commendation Certificate for the excellent management qualities and dedication at Ghazi Barotha Hydropower Project; and Certificate of Excellent work performed during Survey Camp.

Past/Present Clients
Water and Power Development Authority (WAPDA),Associate Consulting Engineer(ACE) and National Engineering services Pakistan(Pvt.) Limited (NESPAK)

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