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A bill of quantities is a document used in tendering in the construction industry in which materials, parts, and labor (and their costs) are itemized. It also (ideally) details the terms and conditions of the construction or repair contract and itemizes all work to enable a contractor to price the work for which he or she is bidding.
After operational bills were proposed, a second half-way house version with bills of quantities was suggested initially called "activity bills", but then as "Bills of quantities (operations)".
In an open-book contract, the buyer and seller of work/services agree on (1) which costs are remunerable and (2) the margin that the supplier can add to these costs. The project is then invoiced to the customer based on the actual costs incurred plus the agreed margin.
An example of a BOM for a mechanical assembly (in German) A bill of materials or product structure (sometimes bill of material, BOM or associated list) is a list of the raw materials, sub-assemblies, intermediate assemblies, sub-components, parts, and the quantities of each needed to manufacture an end product.
Elemental cost planning is a system of Cost planning and Cost control, typically for buildings, which enables the cost of a scheme to be monitored during design development.
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Guga and Musa make use of the model for an Albanian business case study and conclude that the model is "perfect theoretically, but not very suitable from the practical perspective of this firm". [14] However, James Cargal notes that the formula was developed when business calculations were undertaken "by hand", or using logarithmic tables or a ...
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