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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.
Depending upon the language in the bid proposal, a subcontracting construction company could make its bid final, and, if accepted, a legally enforceable contract is created. In these circumstances, upon determination by the general contractor that a bid is the lowest offer, it can accept the bid and, upon acceptance, a subcontractor cannot ...
A Allocation of costs is the transfer of costs from one cost item to one or more other cost items. Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. B Basis of estimate (BOE) - a document which describes the scope basis, pricing basis, methods ...
A material take off (MTO) is the process of analyzing the drawings and determining all the materials required to accomplish the design. Thereafter, the material take off is used to create a bill of materials (BOM). Procurement and requisition are activities that occur after the bill of materials is complete, distinct from Inspection.
Zooey Deschanel is a fun and festive mom!. The actress, 44, attended an event for The Simpsons’ latest holiday special, "O C’mon All Ye Faithful," on Friday, Dec. 13, when she was accompanied ...
Shelley Sykes said it burned down in the Palisades Fire when she “couldn’t put out the cinders on his roof with a hose” because of a lack of water.
Sean "Diddy" Combs has been sued again as his legal issues mount.. The embattled music mogul, who is awaiting a May 2025 trial for federal sex crimes, was sued Monday, this time by a former male ...
NEC Contracts logo. The New Engineering Contract (NEC), or NEC Engineering and Construction Contract, is a formalised system created by the UK Institution of Civil Engineers that guides the drafting of documents on civil engineering, construction and maintenance projects for the purpose of obtaining tenders, awarding and administering contracts.