Priced bill of quantities - Revision history

Designing Buildings at 09:42, 15 September 2020

2020-09-15T09:42:01Z

← Older revision		Revision as of 09:42, 15 September 2020
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	* Unpriced bill.		* Unpriced bill.

−	[[Category:Contracts_/_payment]] [[Category:Procurement]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Contracts_/_payment]] [[Category:Procurement]]

Designing Buildings at 10:43, 24 April 2020

2020-04-24T10:43:24Z

← Older revision		Revision as of 10:43, 24 April 2020
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	Bills of quantities are most useful to the contractor when they are prepared in work sections that reflect likely sub-contract packages. This makes it easier for the contractor to obtain prices from sub-contractors and is more likely to result in an accurate and competitive price.		Bills of quantities are most useful to the contractor when they are prepared in work sections that reflect likely sub-contract packages. This makes it easier for the contractor to obtain prices from sub-contractors and is more likely to result in an accurate and competitive price.

−	~~= Find out more =~~	+	= Related articles on Designing Buildings Wiki =
−		+
−	=== Related articles on Designing Buildings Wiki ===	+

	* Bill of quantities.		* Bill of quantities.
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	* Comparison of SMM7 with NRM2.		* Comparison of SMM7 with NRM2.
	* New Rules of Measurement.		* New Rules of Measurement.
		+	* Schedule of rates.
		+	* Schedule of work.
	* Standard Method of Measurement.		* Standard Method of Measurement.
	* Tender documentation.		* Tender documentation.
		+	* Tender pricing document.
	* Types of bill of quantities.		* Types of bill of quantities.
−	* ~~Uniclass~~.	+	* Unpriced bill.

	[[Category:Contracts_/_payment]] [[Category:Procurement]]		[[Category:Contracts_/_payment]] [[Category:Procurement]]

Editor at 13:51, 9 August 2018

2018-08-09T13:51:11Z

← Older revision		Revision as of 13:51, 9 August 2018
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	* Bill of quantities.		* Bill of quantities.
	* Common arrangement of work sections.		* Common arrangement of work sections.
		+	* Common mistakes in bill of quantities.
	* Comparison of SMM7 with NRM2.		* Comparison of SMM7 with NRM2.
	* New Rules of Measurement.		* New Rules of Measurement.

Designing Buildings at 16:41, 20 November 2017

2017-11-20T16:41:50Z

← Older revision		Revision as of 16:41, 20 November 2017
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	* Standard Method of Measurement.		* Standard Method of Measurement.
	* Tender documentation.		* Tender documentation.
		+	* Types of bill of quantities.
	* Uniclass.		* Uniclass.

	[[Category:Contracts_/_payment]] [[Category:Procurement]]		[[Category:Contracts_/_payment]] [[Category:Procurement]]

Designing Buildings at 11:25, 29 June 2016

2016-06-29T11:25:09Z

← Older revision		Revision as of 11:25, 29 June 2016
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−
	A bill of quantities is a document prepared by the client's cost consultant that provides measured quantities of the items of work necessary to construct a development. These items of work are described by the drawings and specifications in the tender documentation. The quantities may be measured in number, length, area, volume, weight or time.		A bill of quantities is a document prepared by the client's cost consultant that provides measured quantities of the items of work necessary to construct a development. These items of work are described by the drawings and specifications in the tender documentation. The quantities may be measured in number, length, area, volume, weight or time.

Line 7:		Line 6:

	The priced bill of quantities will also:		The priced bill of quantities will also:
−	*Assist with the agreement of the contract sum with the successful tenderer.
−	*Provide a schedule of rates assisting with the valuation of variations.
−	*Provide a basis for the valuation of interim payments.
−	*Provide a basis for the preparation of the final account.

−	It is very important that bills of quantities are prepared according to a standard, widely recognised methodology. This helps avoid any ambiguities or misunderstandings and so helps avoid disputes arising through different interpretations of what has been priced. In the ~~UK, bills~~ of ~~quantities for general construction works will most commonly be prepared in accordance~~ with the ~~Standard Method~~ of ~~Measurement 7th Edition (SMM7) or~~ the ~~New Rules~~ of ~~Measurement, which became operative on 1 January 2013 (ref [http://www~~.~~isurv.com/nrm RICS]) and replaced SMM7 on 1st July 2013 (ref [http://www.rics.org/uk/SMM7-Standard-Method-of-Measurement-~~for~~-Building-Works~~.~~aspx RICS])~~.	+	* Assist with the agreement of the contract sum with the successful tenderer.
		+	* Provide a schedule of rates assisting with the valuation of variations.
		+	* Provide a basis for the valuation of interim payments.
		+	* Provide a basis for the preparation of the final account.

−	Bills of quantities are most useful to the contractor when they are prepared in work sections that reflect likely sub-contract packages. This makes it easier for the contractor to obtain prices from sub-contractors and is more likely to result in an accurate and competitive price.	+	It is very important that bills of quantities are prepared according to a standard, widely recognised methodology. This helps avoid any ambiguities or misunderstandings and so helps avoid disputes arising through different interpretations of what has been priced. In the UK, bills of quantities for general construction works will most commonly be prepared in accordance with the Standard Method of Measurement 7th Edition (SMM7) or the New Rules of Measurement, which became operative on 1 January 2013 and replaced SMM7 on 1st July 2013.
		+
		+	Bills of quantities are most useful to the contractor when they are prepared in work sections that reflect likely sub-contract packages. This makes it easier for the contractor to obtain prices from sub-contractors and is more likely to result in an accurate and competitive price.

	= Find out more =		= Find out more =

	=== Related articles on Designing Buildings Wiki ===		=== Related articles on Designing Buildings Wiki ===
−	*Bill of quantities.<br/>
−	*Common arrangement of work sections.<br/>
−	*Comparison of SMM7 with NRM2.
−	*New Rules of Measurement.<br/>
−	*Standard Method of Measurement.
−	*Tender documentation.
−	*Uniclass.

−	~~[[Category:Contracts_/_payment]]~~	+	* Bill of quantities.
−	[[Category:Contracts_/_payment]]	+	* Common arrangement of work sections.
−	[[Category:Procurement]]	+	* Comparison of SMM7 with NRM2.
		+	* New Rules of Measurement.
		+	* Standard Method of Measurement.
		+	* Tender documentation.
		+	* Uniclass.
		+
		+	[[Category:Contracts_/_payment]] [[Category:Procurement]]

Designing Buildings at 14:39, 10 January 2014

2014-01-10T14:39:19Z

← Older revision		Revision as of 14:39, 10 January 2014
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−	A bill of quantities is a document prepared by the cost consultant that provides measured quantities of the items of work necessary to construct a development~~, as identified~~ by the drawings and specifications in the tender documentation. The quantities may be measured in number, length, area, volume, weight or time.	+	A bill of quantities is a document prepared by the client's cost consultant that provides measured quantities of the items of work necessary to construct a development. These items of work are described by the drawings and specifications in the tender documentation. The quantities may be measured in number, length, area, volume, weight or time.

−	An unpriced bill of quantities is issued to tenderers, who estimate their price for each item. This priced bill of quantities constitutes the tenderer's complete offer. It is ~~the same as~~ the unpriced bill of quantities, but with the tenderer’s rates, costs and totals added.	+	An unpriced bill of quantities (sometimes referred to as the tender pricing document) is issued to tenderers, who will then estimate their price for each item. This priced bill of quantities constitutes the tenderer's complete offer. It is the unpriced bill of quantities, but with the tenderer’s rates, costs and totals added.

	The preparation, by the client’s consultants, of an unpriced bill of quantities assists tenderers 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 provides a fair and accurate system for tendering. It also makes it possible to compare both the overall price and individual items directly with other tenderers’ offers, allowing a detailed assessment of which aspects of a tender may offer good or poor value. This information can assist with tender negotiations.		The preparation, by the client’s consultants, of an unpriced bill of quantities assists tenderers 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 provides a fair and accurate system for tendering. It also makes it possible to compare both the overall price and individual items directly with other tenderers’ offers, allowing a detailed assessment of which aspects of a tender may offer good or poor value. This information can assist with tender negotiations.
Line 12:		Line 12:
	*Provide a basis for the preparation of the final account.		*Provide a basis for the preparation of the final account.

−	~~Bills~~ of quantities ~~can be~~ prepared ~~elementally or in works packages~~, and ~~are most useful to~~ the ~~contractor when they are~~ prepared in ~~work sections that reflect likely sub-contract packages~~. ~~This makes it easier~~ for ~~the contractor to obtain prices from sub~~-~~contractors and is more likely to result in an accurate and competitive price~~.	+	It is very important that bills of quantities are prepared according to a standard, widely recognised methodology. This helps avoid any ambiguities or misunderstandings and so helps avoid disputes arising through different interpretations of what has been priced. In the UK, bills of quantities for general construction works will most commonly be prepared in accordance with the Standard Method of Measurement 7th Edition (SMM7) or the New Rules of Measurement, which became operative on 1 January 2013 (ref [http://www.isurv.com/nrm RICS]) and replaced SMM7 on 1st July 2013 (ref [http://www.rics.org/uk/SMM7-Standard-Method-of-Measurement-for-Building-Works.aspx RICS]).

−	~~It is very important that bills~~ of quantities are ~~prepared according~~ to ~~a standard, widely recognised methodology. This helps avoid any ambiguities or misunderstandings and so helps avoid disputes arising through different interpretations of what has been priced. In~~ the ~~UK, bills of quantities for general construction works will most commonly be~~ prepared in ~~accordance with the Standard Method of Measurement 7th Edition (SMM7) or the New Rules of Measurement, which became operative on 1 January 2013 (ref [http://www~~.~~isurv.com/nrm RICS]) and replaced SMM7 on 1st July 2013 (ref [http://www.rics.org/uk/SMM7-Standard-Method-of-Measurement-~~for-~~Building-Works.aspx RICS])~~.	+	Bills of quantities are most useful to the contractor when they are prepared in work sections that reflect likely sub-contract packages. This makes it easier for the contractor to obtain prices from sub-contractors and is more likely to result in an accurate and competitive price.

	= Find out more =		= Find out more =
Line 22:		Line 22:
	*Common arrangement of work sections.<br/>		*Common arrangement of work sections.<br/>
	*Comparison of SMM7 with NRM2.		*Comparison of SMM7 with NRM2.
−	*New Rules of Measurement. <br/>	+	*New Rules of Measurement.<br/>
−	*Standard Method of Measurement.	+	*Standard Method of Measurement.
	*Tender documentation.		*Tender documentation.
	*Uniclass.		*Uniclass.

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2014-01-10T14:32:50Z

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A bill of quantities is a document prepared by the cost consultant that provides measured quantities of the items of work necessary to construct a development, as identified by the drawings and specifications in the tender documentation. The quantities may be measured in number, length, area, volume, weight or time.

An unpriced bill of quantities is issued to tenderers, who estimate their price for each item. This priced bill of quantities constitutes the tenderer's complete offer. It is the same as the unpriced bill of quantities, but with the tenderer’s rates, costs and totals added.

The preparation, by the client’s consultants, of an unpriced bill of quantities assists tenderers 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 provides a fair and accurate system for tendering. It also makes it possible to compare both the overall price and individual items directly with other tenderers’ offers, allowing a detailed assessment of which aspects of a tender may offer good or poor value. This information can assist with tender negotiations.

The priced bill of quantities will also:
*Assist with the agreement of the contract sum with the successful tenderer.
*Provide a schedule of rates assisting with the valuation of variations.
*Provide a basis for the valuation of interim payments.
*Provide a basis for the preparation of the final account.

Bills of quantities can be prepared elementally or in works packages, and are most useful to the contractor when they are prepared in work sections that reflect likely sub-contract packages. This makes it easier for the contractor to obtain prices from sub-contractors and is more likely to result in an accurate and competitive price.

It is very important that bills of quantities are prepared according to a standard, widely recognised methodology. This helps avoid any ambiguities or misunderstandings and so helps avoid disputes arising through different interpretations of what has been priced. In the UK, bills of quantities for general construction works will most commonly be prepared in accordance with the Standard Method of Measurement 7th Edition (SMM7) or the New Rules of Measurement, which became operative on 1 January 2013 (ref [http://www.isurv.com/nrm RICS]) and replaced SMM7 on 1st July 2013 (ref [http://www.rics.org/uk/SMM7-Standard-Method-of-Measurement-for-Building-Works.aspx RICS]).

= Find out more =

=== Related articles on Designing Buildings Wiki ===
*Bill of quantities.<br/>
*Common arrangement of work sections.<br/>
*Comparison of SMM7 with NRM2.
*New Rules of Measurement. <br/>
*Standard Method of Measurement.
*Tender documentation.
*Uniclass.

[[Category:Contracts_/_payment]]
[[Category:Contracts_/_payment]]
[[Category:Procurement]]