Schedule of Quantities Flashcards
Provisional sums
An allowance usually estimated by the QS and included in the tender documents/ SOQ
Definition of Schedule of Quantities
A document containing a list of all the items required to build a building and identifying how much each item costs.
Two types of Schedule of Quantities
- Elemental SOQ
- Trade SOQ
Schedule of Quantities are used for? 1
Relieves the tenderer of the onus and cost of compiling their own measure and schedule. It allows the tender to be priced like for like by all tenderers. it provides them in theory a greater spread of subcontract pricing.
Schedule of Quantities are used for ? 2
Valuing progress payments and variations
Schedule of Quantities are used for ? 3
Producing final accounts
Schedule of Quantities are used for ? prime example
Tendering Purposes