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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.
bill of quantities (BOX) An itemized list of materials, parts, and labor (with their costs) required to construct, maintain, or repair a specific structure.
Bills of Quantities (BY) is one of systematic ways applied in the construction industry in which its primary function is to record items of works for tendering purposes and to create a fair agreement among the parties involved for contracting purposes.
The prime purpose of the Bill of Quantities (BY) is to enable all contractors tendering for a contract to price on exactly the same information. After this, it is widely used for post-tender work such as: material scheduling. Construction planning. Cost analysis. And cost planning.
The bill of quantities (sometimes referred to as 'Box' or 'BY') is a document prepared by the cost consultant (often a quantity surveyor) that provides project specific measured quantities of the items of work identified by the drawings and specifications in the tender documentation.
The bill of quantities assists tenderer in the calculation of construction costs for their tender, and, as it means all tendering contractors will be pricing the same quantities (rather than taking off quantities from the drawings and specifications themselves), it also provides a fair and accurate system for
According to NRM2, RICH new rules of measurement, Detailed measurement for building work, there are two types of bill of quantities. Firm and approximate.
Basic Format for preparing BOX The main sections included in the bill of quantities is Form of Tender, Information, Requirements, Pricing schedule, Provisional sums, and Day works.
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