Operational rate estimating
Contents |
[edit] Introduction
Operational rate estimating is a method used to calculate building costs. In operational rate estimating a distinct parcel of work is priced as a package. This is as opposed to projects where each unit of the bill of quantities are priced individually.
The estimator will still need to calculate all the individual items that are required in unit rate estimating , such as labour, plant and materials, but the key difference in operational estimates is that the estimator views a section of the work as a whole rather than as a set of separate items.
[edit] Operational Rate
Operational rate estimating is commonly used in the civil engineering industry. This is generally due to the larger quantities involved in civil engineering projects. The plant and machinery required in civil engineering works can also play a more significant role in the project. Operational estimating is preferred in plant-dominated projects.
Operational rate estimating can also be be used for pricing in design and build contracts where the contractor is responsible for their own pricing methods and a bill does not have to be produced.
The estimator will calculate all the resources needed for parts of the construction packages together rather than in isolation. Operational estimating will involve forecasting the cost of completing a construction operation, which may consist of many bill items.
Operational estimating will require a completed:
It is usually beneficial for the estimator to work alongside the operational teams to prepare the resource schedules and programmes as they may require comparative estimates or cost alternatives to help adopt the most suitable approach and achieve value for money.
Typical packages in operational estimating are:
[edit] Related articles on Designing Buildings Wiki
- All-in rates.
- Approximate quantities cost plan.
- Bills of quantities.
- Budget.
- Capital.
- Contract sum.
- Cost control.
- Cost engineering.
- Cost information.
- Cost plan.
- Elemental cost plan.
- Estimating
- Initial cost appraisal.
- Measurement.
- New Rules of Measurement.
- Order of cost estimate.
- Pre-tender estimate.
- Tender cost.
- Unit rate estimating.
[edit] External references
- Quantity Surveyor’s Pocket Book by Duncan Cartlidge.
Featured articles and news
Top 50 firms awarded 52bn of projects in the last year
New engineering data shows.
Enhancing construction site reporting efficiency
Through digitisation and the digital revolution.
Noise in the built environment
BSRIA guide TG 20/2021.
17,000 people suffer conditions as a result of exposure to excessive noise at work.
Turning down the noise: Auditory health
A pervasive risk with far-reaching consequences.
UK Construction Week, London is here !
Debuting major international pavilions and much more.
Getting the most out of heat pumps and heating
How heat pumps work and how they work best.
Plumbing and heating for successful retrofit and renovation
Low temperature underfloor systems and heat pumps.
Cost-of-living crisis and home improvement plans
Starting on the right footing and top tips for projects.
Delays on construction projects
Types, mitigation and the acceleration of works.
From Chaucer to Fawlty Towers.
Electrotechnical excellence, now open for entries.
Net zero electricity grids BSRIA guide NZG 5/2024
Outlining the changes needed to transition to net zero.
CIOB Global Student Challenge 2024
Universitas Indonesia wins for second year running.
ECA 2024 Apprentice of the Year Award
Entries open for submission until May 31.