Glossary entry

Greek term or phrase:

Μετατροπές, Προνοητικά Ποσά, Ποσά Αρχικού Κόστους και Τιμές Αρχικού Κόστους

English translation:

Modifications, Foreseen Amounts, Original Cost Amounts and Original Cost Prices

Added to glossary by Katerina Bamboulis
Nov 21, 2013 22:05
10 yrs ago
5 viewers *
Greek term

Μετατροπές, Προνοητικά Ποσά, Ποσά Αρχικού Κόστους και Τιμές Αρχικού Κόστους

Greek to English Law/Patents Law: Contract(s) Μετατροπές, Προνοητικά Ποσά, Ποσά Αρχικού Κόστους και Τιμές Αρχικού Κόστους
Μετατροπές, Προνοητικά Ποσά, Ποσά Αρχικού Κόστους και Τιμές Αρχικού Κόστους
Ο Αρχιτέκτονας θα δύναται να εκδίδει οδηγίες με τις οποίες θα απαιτεί μετατροπές και θα δύναται να επικυρώνει γραπτώς οποιανδήποτε μετατροπή η οποία είχε γίνει από τον Εργολάβο κατ'αλλον τρόπο παρά συμφώνως προς οδηγία του Αρχιτέκτονα. Ουδεμία μετατροπή η οποία απαιτείται ή επικυρώνεται μεταγενέστερα γραπτώς από τον Αρχιτέκτονα θα ακυρώνει το παρόν Συμβόλαιο.

Discussion

Peter Close Nov 26, 2013:
Transphy: With respect, you are not the only person who has worked in the building trade in England, and, although you may have lived and worked in England for a good many years, English is not actually your true native language. My family has a long standing friend who was a Director of one of the largest building companies in England and he agrees that it is perfectly acceptable to describe sums that may need to be spent in the future as being “foreseeable costs” or ”foreseeable amounts”. Also, and again with respect, the words “foreseeable amounts” are likely to be more readily understood by a much greater number of people than the term “prime cost sums”, which is only likely to be understood by people professionally involved in the building trade in England. However, we have now both expressed our opinions, and we must leave it to the asker to decide how she wants to translate the words.
transphy Nov 25, 2013:
You are not going to convince me, OR the Industry, to change the already adopted expression. 'Prime Cost Sums' are embedded deep in the Industry, and that's how people Know it. You might look up your dictionaries and, amongst the meaning of ' Προνοητικά' you will find 'pre-provided'. I am done!!
Peter Close Nov 25, 2013:
A prime cost sum (sometimes called a PC sum) is an allowance usually calculated by the cost consultant for the supply of work or materials to be provided by a contractor or supplier that will be nominated by the client. However, the allowance is exclusive of any profit mark up or attendance (such as material handling, scaffolding and rubbish clearance etc) by the main contractor. See: http://www.designingbuildings.co.uk/wiki/Prime_cost_sum & http://toolboxes.flexiblelearning.net.au/demosites/series10/... & http://constructionfield.net/prime-cost-sum/ The difference between “prime cost sums” and “foreseen amounts” is that foreseen amounts may include profit mark up and/or other costs. Since Katerina’s text does not clarify whether the costs in “Προνοητικά Ποσά” exclude profit mark up and/or other costs, it is safer to use the alternative term of “foreseen costs” in this case.
transphy Nov 25, 2013:

“Prime costs” is not** only** a term used in the building industry...
The subject here IS Building Industry, specifically 'costs'.
The correct term, here, in this Industry is 'PRIME SUM costs'. That's how it is known.
Peter Close Nov 25, 2013:
“Prime costs” is not only a term used in the building industry. It is a term used in all businesses to describe a business's expenses for the materials and labour it uses in production; see: http://www.investopedia.com/terms/p/prime-cost.asp & http://www.ask.com/question/what-is-a-prime-cost-in-accounti... & http://termsexplained.com/447829/prime-cost Foreseen amounts may not necessarily be prime costs, because foreseen amounts can include optional expenses as well as prime costs. Also, “foreseen amounts” are sums that are generally known in advance, whereas Prime Cost Items (PC’s) are items that either have not been selected or whose price is not known at the time the contract is entered into, and for which the cost of supply and delivery the builder has made allowance for in the contract price; see: http://hia.com.au/hia/content/Builder/region/National/classi... & http://www.bccbusinessmanagement.com.au/Prime_Cost_Items.php & http://www.mbav.com.au/vpLink.aspx?ID=8081#6 & http://www.rftsolutions.com.au/latest_home_builder_advice.ph...
transphy Nov 24, 2013:
I had been in the building Industry for over 30 years and I'd like to take issue with 'Foreseen Amounts' as meaning 'Προνοητικά Ποσά', by stating the following. If the Amounts were 'foreseen' they would have been itemised and costed in the Bills of Quantity(BoQ). If they were not 'known' they would not be included in the BoQ, as the latter is the 'Bible' for costing a Project. Were there any 'UNforeseen' items or circumstances, then there is the item of 'Contingencies' that would cater for that eventuality. So 'foreseen amount' cannot and is not the right term. I am, as I said, taking issue with this term.
'Προνοϊτικά' από <προνοώ>= provide-foresee, in this case, even what makes sense is to say 'provide'. So, 'Προνοϊτικά' is something 'provided'. The English term for saying this in the Industry is, PRIME COST SUM(S) or PC SUM(S) for short, ως το εξήγησα στο παράδειγμα για 'Είδει Υγιεινής'.

Proposed translations

+3
9 hrs
Selected

Modifications, Foreseen Amounts, Original Cost Amounts and Original Cost Prices

See examples of words used:

May 30, 2013 - to cater for the modifications ..... Original amount means the amount set out in the contract, as the case may be modified by formal addendum/a. .... When the policy of the International Organisation foresees to charge 7% as indirect costs, this .... In such case, the exchange rate and the conversion method will ...
http://ec.europa.eu/europeaid/work/procedures/faq/internatio...
Peer comment(s):

agree Angeliki Papadopoulou
2 hrs
Thank you, Angeliki. Have a good weekend!
agree Nadia-Anastasia Fahmi : With a small change "prudential" instead of "foreseen". Have a very nice weekend!
1 day 1 hr
Thank you, agai.
agree Constantine Kourakis
1 day 3 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "I agree with foreseen amounts, thank-you very much"
20 hrs

Alterations/Modifications, Prime Cost sums and Initial Cost Sums and(Initial) Prices.

This must be a Heading in the Bills of Quantity for some Construction Project, where you get a synopsised Total Quantity of each and every material to be used on a Project, set out on the left of the page, with Prices /unit tendered and inserted by Contractors with the subtotal in the end column and the total of that page's
material cost at the end of the page.
Each Contractor receives their own Bill of Quantities(BoQ) So, they insert their own Cost Per Unit of the itemised materials. **This is The Original Cost Prices**. On the right of this is a column with the **Initial Cost** for that quantity of that material
At the end of the BoQ all the Page Totals are Accounted for, the Contractor may insert his/their own Cost for their services and α Grand Total is arrived at(including Contingencies) and that is the Sum for the Tender.
<Name of Material... quantity.... cost per unit ....total for material....>
**cost per unit= Τιμές Αρχικού Κόστους
**total for material= Ποσά Αρχικού Κόστους
**Προνοητικά Ποσά are called PRIME COST SUMS (PC Sums, for short).
These sums are the following.
Π.χ. Είδη Υγιεινής... Η εκλογή, συνήθως, γίνεται από τους ιδιοκτήτες. Ο Αρχιτέκτων και ο Εργολάβος δεν γνωρίζουν, εξ αρχής, τι θα εκλέξει ο πελάτης και πόσα θα στοιχίσουν. Γι' αυτό το λόγο ο Αρχιτέκτων βάζει ένα ΠΡΟΝΟΗΤΙΚΟ ποσό στα BoQ, και αν η εκλογή υπερβεί το Προνοητικό ποσό, τότε ο ιδιοκτήτης πληρώνει τη διαφορά, είτε στον εργολάβο ή αμέσως στον έμπορο.
Έχω κάνει πολλά από αυτά.
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