Measured term contracts

Measured term contracts; suit property owners with a large portfolio wishing to undertake planned maintenance, repair or improvement work.

It is best applied to a relatively compact geographical area containing a significant number of properties and therefore is often used by public sector clients.

Our first-hand experience has enabled us to guide clients through the process of advertising contracts in accordance with EU rules, contractor short listing and selection, preparation of the work schedules and tender documentation, tender analysis, contractor nomination and contract signing; and, eventually, post contract auditing.

The basis of a measured term contract is a schedule of rates; selected contractors are invited to submit a tender with a percentage on, over or under the rate. Each contractor has to allow for his profit and overheads in the rates. The documentation sets out response times for undertaking certain categories of repair; the geographical area to be covered; the length of term (usually 3 - 5 years); the number and type of building to be maintained. Sometimes there is historical data as a guide to potential workload.

The advantage to the property owner is speed of response, control of cost and budget certainty over a period of years.

The advantage to the contractor is certainty of workload and easier billing after work has been completed.

Most contracts provide a method for adjusting rates periodically, usually by reference to the RICS Building Cost Information Service indices.

See how we measure up

Please contact us if you would like more information on our services or a fee quotation.

Featured Projects

  • Employers Agent

    Windsor – eleven superior apartments

    Our client acquired this site with the benefit of planning consent and a contractor who had started preliminary works. We suggested negotiating with the contractor on the basis of a design and build contract.
  • Employers Agent

    Amesbury – School Extension

    Our client for this project was a consortium consisting of a major house builder and local authority. The house builder agreed to finance an eight classroom extension to a local school as part of a ‘planning gain’ agreement. Planning consent had already been obtained so we suggested tendering on the basis of a design and build contract.
  • Employers Agent

    Kingsclere – Tyre Depot

    Our client owned and operated their business from this site, part of which was sold for residential development. To free up the residential site the redevelopment scheme including building a new depot in a corner of the site. We suggested tendering on the basis of a design and build contract.
  • Employers Agent

    Slough – nine house residential development

    Our client acquired this site with the benefit of planning consent and wanted to build out the scheme as quickly as possible. We suggested tendering on the basis of a design and build contract.
  • Employers Agent

    Wantage – Mixed Use Development

    Our client for this project owns the nearby shopping precinct and had looked at various options to develop the vacant site. Financial viability and local authority pressure eventually culminated in planning consent for a mixed use, shop, office and residential scheme.