QS APC Forum by HKIS Young Surveyors Group
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Calculation of discount factor
Thu Jun 14, 2012 11:23pm
121.203.85.172

Dear KC,
Backgorund information:
In the preparation of Letter of Award, (i) an arithmetical error was found in the return tender where a discoun factor was not required.
(In the conditions of tender the said arith. error will be adjusted by one figure.)

(ii) A lump sum discount offer provided by the contractor which lead to a discount factor.

The question is the denominator - corrected tender sum shall or shall not take into account of the arithmetical error.

W



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QS APC Forum by HKIS Young Surveyors Group