New document outlining dayworks in building contracts is launched this month
Dayworks definitions for contractors and quantity surveyors have been refreshed by the Royal Institution of Chartered Surveyors (RICS) and the Construction Confederation. The new document ‘Definition of Prime Cost of Daywork Carried out under a Building Contract’ is available from this month.
Dayworks arise in building contracts when a payment is made to a building contractor based on the cost of materials and wages plus a percentage for overheads and profits. Rules for calculating a standard hourly base rate for labour for building contracts are included in the definition.