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A bill of quantities is a document used in tendering in the construction industry in which materials, parts, and labor (and their costs) are itemized.It also (ideally) details the terms and conditions of the construction or repair contract and itemizes all work to enable a contractor to price the work for which he or she is bidding.
The tender is treated as an offer to do the work for a certain amount of money (firm price), or a certain amount of profit (cost reimbursement or cost plus). The tender, which is submitted by the competing firms, is generally based on a bill of quantities , a bill of approximate quantities or other specifications which enable the tenders to ...
A quantity surveyor (QS) is a construction industry professional with expert knowledge on construction costs and contracts.Qualified professional quantity surveyors can be known as Chartered Surveyors (Members and Fellows of RICS) in the UK and Certified Quantity Surveyors (a designation of the Australian Institute of Quantity Surveyors) in Australia and other countries.
Other professionals such as quantity surveyors and cost engineers may also prepare cost estimates or contribute to cost estimates. In the US, according to the Bureau of Labor Statistics, there were 185,400 cost estimators in 2010. [1] There are around 75,000 professional quantity surveyors working in the UK.
Quantity is a property that can exist as a magnitude or multitude. For example 1200 mm or 10 each. Quantity surveyor (QS) is a professional working within the construction industry concerned with building costs, in the U.K. and some other areas. A QS employs standard methods of measurement to develop a bill of quantities.
Design–bid–build (or design/bid/build, and abbreviated D–B–B or D/B/B accordingly), also known as Design–tender (or "design/tender"), traditional method, or hardbid, is a project delivery method in which the agency or owner contracts with separate entities for the design and construction of a project.
Quantity surveying is a profession that deals with the costs and contracts of construction projects. A quantity surveyor is an expert in estimating the costs of materials, labor, and time needed for a project, as well as managing the financial and legal aspects of the project. A quantity surveyor can work for either the client or the contractor ...
Operational bills are a tendering document for estimating costs prepared by architects that describes a construction project in terms of the operations (which include labour and plant) needed to build it. This form of document contrasts with that of bills of quantities in which such tendering and estimation is limited to the materials in the ...