Today, Swisher International, Inc. is a leader in the tobacco business, accounting for one-third of the United States' cigar sales and is America's largest cigar exporter. Swisher Sweets were introduced in 1958.
Generally provisional sum is an amount allocated for a specialized work by a specialized firm, for which the details are not available at the time of tender. The provisional sum amount will be a best guess at the time of tender by the employer or contractor depending upon the type of provisional sum. Hence claim made by the contractor need not necessarily be the exact amount mentioned in the contract. Definition of Provisional Sum by FIDIC Conditions of Contract. Provisional Sum means a sum (if any) which is specified in the Contract as a provisional sum, for the execution of any part of the Works or for the supply of Plant, Materials or services under Sub-Clauses 13.5(Provisional Sums). Examples of provisional sums.
DEFINITION of 'Provisional Income'. The level of income that is used to determine whether a taxpayer is liable for tax on his or her Social Security benefits, and by how much. Provisional income is calculated by making certain adjustments to the taxpayer's gross income.The formula for determining provisional income is as follows:rovisional income = gross income + tax-free interest + 50% of Social Security benefits + any tax-free fringe benefits and exclusions-adjustments to income (except for the student loan deduction, tuition and fees deduction or domestic production-activities deduction). Next Up.