Definition of Prime Cost of Daywork

The Definition of Prime Cost is published by RICS and the relevant trade body for convenience and for use by people who choose to use it. Members of the relevant trade body are not in any way debarred from defining Prime Cost and rendering their accounts for work carried out on that basis in any way they choose. Building owners are advised to reach agreement with contractors on the Definition of Prime Cost to be used prior to entering into a contract or subcontract.