ARCHIVE: Ascertaining loss and expense, 1st edition (July 2015)

This document has been archived and is available on isurv for information purposes only.

The ascertainment of loss and expense is a set of tasks that endeavour to calculate as precisely as possible, and in accordance with the contract, the additional costs or losses incurred by one party directly due to a default of the other.

This guidance note covers:
- what is loss and expense;
- standard forms of contracts;
- global claims;
- methods of analysis of loss and expense; and
- strengths and weaknesses of the various methods.

This guidance note is part of the RICS QS and Construction Standards.

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