The acronym BOQ is quite common especially where construction is concerned. This article is specifically aimed at explaining what the Bill Of Quantity is, what it entails and who is responsible for compiling it.
A Bill of Quantity (BOQ) is an itemized list of materials, parts, and labour (with their costs) required to construct, maintain, or repair a specific structure. The bill of quantities is prepared by the cost consultant (often a quantity surveyor) who provides project specific measured quantities of the items needed identified by architectural or the engineer’s drawings.
As of late softwares have been developed for the purpose of compiling a BOQ. These require clear architectural and/or engineer drawings to calculate materials needed for a particular structure.
The prime purpose of the Bill of Quantities is to enable contractors to price on exactly the same information especially where a tender is involved. This helps a client to pick one who has their favourable costs. Subsequent to this, it is widely used for material scheduling; construction planning; cost analysis; and cost planning.
Typically, a bill of quantities will be appropriate where a project has been designed in detail, and so the precise quantities required are known. A schedule of rates is a list in a contract setting out the staff, labour and plant hire rates and much more that a contractor will use for pricing cost reimbursable work.
At Homefill we are a one stop shop where even your BOQ will be compiled by our Quantity surveyors. The builders will be on standby to start construction and we also offer project management services.
Picture Credit: radiantskies