Schedules
Schedule 2: fluctuations - contribution, levy and tax changes
Calculation of contract sum - labour
The provisions of clause 1.1 to 1.9 provide for any fluctuations in statutory contributions, levy, and tax changes incurred by the contractor as an employer. The key point is these exclude VAT and apply to labour costs.
Deemed calculation of contract sum - materials
Clause 2.1 to 2.2 is applicable to rates and duties other than VAT or any tax classified as input tax by the contractor. The base date refers to the point from which any changes are calculated. The rates of duty and or taxes are applicable to materials, goods, electricity, fuels, materials, including those applicable to waste which are necessary for the execution of the works and are determined and set by an Act of Parliament. These provisions allow for any adjustment to the sum payable by the employer.
Subcontract work - incorporation of provisions to like effect
Clause 3 mirrors these provisions for works which are sub contracted.
Notification by contractor
Clause 4 states that the contractor needs to notify the architect/contract administrator within a reasonable time.
Agreement - architect/contract administrator and contractor
Clause 5 gives authority to the architect/contract administrator to agree the amounts.