01/01/2021 Other Services
bill of quantities If you are looking for a bill of quantities definition, is, basically, a document used in the construction industry bill of quantities to display an itemized list of materials, parts, and labor, with the cost of each of them. Typically, Construction is the domain that uses it often.
Usually prepared by the quantity surveyor or bill of quantities cost consultant, this document lists out the tasks and the quality and quantity of the same to understand the main contractor to carry out a project. It gives the contractor a better grasp on the quantity and quality required, helping them progress toward completing the task well.
When preparing quantities are measured in appropriate units like the number, length, area, volume, weight, or time. This bill can only be prepared after the design is finalized, and the specifications are ready.
A bill of quantities often referred to as a BOQ, is given to the tenderers to provide them with an estimate of the costs involved. This document helps tenderers appropriately calculate the construction costs for their tender, and, as it means all tendering contractors will be pricing the same quantities, it also provides a fair and accurate system for tendering.
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