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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.
Does not fit in with current contracts in regard to work variation. [13] It needs computers to allow rapid manipulation of the data: this did not exist when it was originally proposed. [14] The design team responsible for creating the operational bill need not be "very familiar with the buildability issues as they affect the construction ...
This contract is not generally used for constructing new works, but can include some amount of betterment. There is also a "Term Service Short Contract" where the project is a relatively low risk project and/or the work is primarily re-active. It is an abbreviated version of the main TSC. Supply Contract/Short Supply Contract (SC/SSC)
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.
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 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. A BOM may be used for communication between manufacturing partners or confined to a single ...
This contract is suitable when the number of items are limited or when it is possible to work out exact quantities of work to be executed. The detailed specifications of all items of work, plans and detail drawings, security deposit, penalty, progress and other condition of contract are included in agreement.
These are prepared using drafting standards such as the NEC Engineering and Construction Contract or (formerly) the Institution of Civil Engineers' (ICE) Conditions of Contract. [2] In most cases, the architect will release these construction documents publicly, or to a select group of general contractors, who will then place a bid on the ...
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