What Is Bill of QuantityA Bill of Quantities (BoQ) is a detailed document used in construction projects that lists and describes all the materials, parts, and labor required to complete the project.
Method of preparing Bill of Quantities in Excel Sheet
How To Prepare Bill Of QuantityTo prepare a Bill of Quantities (BoQ), the following steps can be followed:
- Review the project scope and specifications to determine the required materials, equipment, and labor for each item.
- Organize the items into logical groups, such as by construction activity or trade.
- Determine the quantity of each item required for the project, based on measurements, drawings, or specifications.
- Assign a unit of measurement (such as cubic meters, square meters, or linear meters) to each item.
- Obtain prices for each item from suppliers or past project data, and include these in the BoQ.
- Calculate the total cost for each item by multiplying the quantity by the unit price.
- Summarize the costs for each group or section of the BoQ to arrive at a total project cost estimate.
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What is the Bill of Quantities?
What is the purpose of the Bill of Quantity?
Various Purpose of Bill of Quantity listed below:
1. It is useful in cost planning before tendering process.
2. Tendering- useful in passing important construction tenders.
3. It provides a basic idea to investors about the cost of the project.
4. It provides a basis for the valuation of variation.