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ABC

Post by gherzy26 on Sat Sep 04, 2010 9:26 pm

Is contingecy fund part in the computation of ABC?
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Re: ABC

Post by engrjhez® on Sat Sep 04, 2010 10:26 pm

gherzy26 wrote:Is contingecy fund part in the computation of ABC?

What do you mean by this? Calamity fund? or are you referring to contingency cost?
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Re: ABC

Post by sunriser431 on Sun Sep 05, 2010 12:21 am

gherzy26 wrote:Is contingecy fund part in the computation of ABC?
maybe what "gherzy26" meant was "inflationary cost" which could be unknown value "X" in order to arrive at the resonable ABC. The "X" could be 1%, 2% and so on. bounce

For information purpose only.
Contingency Fund? Rolling Eyes
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ABC

Post by gherzy26 on Sun Sep 05, 2010 12:14 pm

what i mean is the inflationary cost which is included in the ABC (the amount reflected in the Purchase Request)...example

P 100,000 - total original cost
+ 20% (contigency fund)

so then, is the 20% contigency fund (cost) included in the computation of the total ABC (reflected in purchase request), OR just the P 100,000.

tnx.
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Re: ABC

Post by engrjhez® on Sun Sep 05, 2010 2:15 pm

gherzy26 wrote:what i mean is the inflationary cost which is included in the ABC (the amount reflected in the Purchase Request)...example

P 100,000 - total original cost
+ 20% (contigency fund)

so then, is the 20% contigency fund (cost) included in the computation of the total ABC (reflected in purchase request), OR just the P 100,000.

tnx.

Yes you may include such cost, although it seems 20% is a big number for contingency. Nevertheless, it depends on your judgement. Aside contingency cost, you should also consider taxes, freight costs, and other relevant costs for the delivery.

In the end, the ABC must still reflect the price and conditions already advantageous to the government. Smile
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Re: ABC

Post by sunriser431 on Sun Sep 05, 2010 6:22 pm

gherzy26 wrote:what i mean is the inflationary cost which is included in the ABC (the amount reflected in the Purchase Request)...example

P 100,000 - total original cost
+ 20% (contigency fund)

so then, is the 20% contigency fund (cost) included in the computation of the total ABC (reflected in purchase request), OR just the P 100,000.

tnx.
Having 20% contingencies cost is quite unsual. bounce
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Post by gherzy26 on Mon Sep 06, 2010 8:29 am

tnx a lot sirs!

anyways, those are just examples for clarificatory purposes. Idea
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Re: ABC

Post by sunriser431 on Mon Sep 06, 2010 2:32 pm

gherzy26 wrote:tnx a lot sirs!

anyways, those are just examples for clarificatory purposes. Idea
Well taken, Peace bounce Hopefully we'll hear more from you in this forum. Smile
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Re: ABC

Post by RDV @ GP3i on Mon Sep 06, 2010 4:08 pm

gherzy26 wrote:Is contingecy fund part in the computation of ABC?

As a general rule, contingency should not be part of the computation of the ABC. If you refer to inflation, you need to adjust the Direct Costs of the project to cover the cost of inflation (from the time to made the estimate up to the time you are about to procure), but should not be set aside and placed under the general category: "contingency".
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