About: Hudson Formula

An Entity of Type: Thing, from Named Graph: http://dbpedia.org, within Data Space: dbpedia.org

The Hudson Formula derives from Hudsons Building and Engineering Contracts and is used for the assessment of delay damages in construction claims. The formula is: (Head Office overheads + profit) ÷ 100 x contract sum ÷ period in weeks x delay in weeks Where Head Office is head office overheads and profits percentage submitted in a tender. cf the where only the actual head office overheads percentage is used.

Property Value
dbo:abstract
  • The Hudson Formula derives from Hudsons Building and Engineering Contracts and is used for the assessment of delay damages in construction claims. The formula is: (Head Office overheads + profit) ÷ 100 x contract sum ÷ period in weeks x delay in weeks Where Head Office is head office overheads and profits percentage submitted in a tender. cf the where only the actual head office overheads percentage is used. A claimant must prove a necessity to maintain resources on the project and an inability to re-allocate them to more profitable work and must give evidence of the processes within the head office to enable an assessment of the portion of overheads, if any, that are attributable to the delay caused by the breach. (en)
dbo:wikiPageExternalLink
dbo:wikiPageID
  • 20523215 (xsd:integer)
dbo:wikiPageLength
  • 1779 (xsd:nonNegativeInteger)
dbo:wikiPageRevisionID
  • 1121487812 (xsd:integer)
dbo:wikiPageWikiLink
dbp:wikiPageUsesTemplate
dcterms:subject
rdfs:comment
  • The Hudson Formula derives from Hudsons Building and Engineering Contracts and is used for the assessment of delay damages in construction claims. The formula is: (Head Office overheads + profit) ÷ 100 x contract sum ÷ period in weeks x delay in weeks Where Head Office is head office overheads and profits percentage submitted in a tender. cf the where only the actual head office overheads percentage is used. (en)
rdfs:label
  • Hudson Formula (en)
owl:sameAs
prov:wasDerivedFrom
foaf:isPrimaryTopicOf
is dbo:wikiPageWikiLink of
is foaf:primaryTopic of
Powered by OpenLink Virtuoso    This material is Open Knowledge     W3C Semantic Web Technology     This material is Open Knowledge    Valid XHTML + RDFa
This content was extracted from Wikipedia and is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License