Bills Of Quantities Agreement

A list of parts also provides the main contractor with measured amounts of work in the project drawings and specifications. Parts lists are most useful for the contractor when prepared in work phases reflecting likely subcontracting packages. This makes it easier for the contractor to obtain prices from subcontractors and instead results in a precise and competitive price. The primary use of a contract-supporting coin list is the traditional and proven way to ensure a flat price for the construction work for the contractor. SC Quantity Surveyors produces different types of volume notes that include [1] until business plans appear over the past two decades, product lists are likely to become the most widely used price/payment mechanism in construction contracts. Sc Quantity Surveyors can create approximate lists of parts, mainly used when there is not enough information to prepare lists of parts, or if the customer has decided that the time and cost of a list of fixed parts is not justified. These types of contracts do not provide a flat price, but auction amounts (i.e. a quantified tariff plan), with quantities being reassessed by the volume indicator once completed. As a general rule, these contracts are generally subject to greater variation than lump sum contracts and should therefore only be used if time is a limitation factor or if certain elements. B, such as extensive excavations and earthworks, are very uncertain. Amounts can be measured in number, length, surface, volume, weight or time. The preparation of a coin list requires that the design be completed and that a specification be established.

The contractor proposes against the list of parts and indicates its price for each item. This price note represents the bidder`s offer. Because the offer consists of mandatory items, it is possible to directly compare the total price and individual items with the offers of other bidders, so that a detailed assessment of aspects of an offer can provide good or bad value. This information may be useful in tender negotiations. In general, the number of price coins will set a precedent and the customer will be responsible for their own errors or omissions, which may be considered relevant events (or compensation events) that entitle them to an extension of time, loss and costs. However, if the contractor notices an ambiguity or error during the tendering process, the best practice for the contractor is to talk to the client, even if there may be an economic benefit to him not to do so.