Costing

Question 1

What are the Fundamentals of estimated implementation cost?

Answer 1

Be an intrinsic part of the design process - allow clients to understand budget and help with final design decisions.

Ideally based on comprehensive contract documents

Accurately reflect currently market conditions / be dated and indicate for how long figures expected to be current

Always be given in writting

Clarity - Be broken down into reasonable detail for complete understanding

Allow for contractors overheads and profits

Allow for contingency items (10-15% max)

Show value / added tax as separate item and state the rate of tax used (approx 20%)

Question 2

How would you go about calculating implementation of a project?

Answer 2

Two routes:

Get it

Question 3

Content in a B of q

Answer 3

Preliminaries 
Prime work (days work)
Provisional sums 
Cost sums 
Continuances 

Always follows rules of measurement
The value = total tender value

Makes up part of the tender document which become to contraction / contract document

Question 4

Benefits of a b of q

Answer 4

Bill itemises out all workmanship parts and labour

Its a standard doc and therefore all tenders follow the same roles if measurement making it fair for tenders to price competitively

Pre tendering
Can be used during design stage of project once has been developed to help with budget planning

Mainly used during tendering - makes up tender package.
Total sum thing

Post tendering
Help contractors / sub with info about materials
Helps assist with changes
Help assist with construction valuation