Professional Documents
Culture Documents
Bablu
Bablu
Bablu
DOCUMENT
Presented By
Bablu Kumar Gautam
Under The Guidance Of
Mr. Divakar Singh
Item number
Description
Quantity
Unit of measurement
Rate per unit
Amount
Common error in bill of quantity
Calculation error in the quantity of work and rates of items of work.
Inaccurate assumptions of various items of work.
Incorrect measurement of quantities of work.
Double counting of items of work.
Forgetting a specific item of work, which is actually to be counted.
Including unnecessary items to work.
Advantages of Bill of quantity
Priced bill of quantities database details will assist future feasibility estimating and cost planning.
It provides an extensive and clear statement of the work to be executed
It saves the cost and time of several contractors measuring the same design in order to calculate their
bids for competition.
It helps to calculation of interim valuations and progress payments.
Bill of quantities helps to prepare final account
Disadvantage of bill of quantity
It may be incorrect in case the estimator is uneducated.
It must be performed carefully else enormous arithmetic errors may succeed.
increases the cost and design period in the pre-contract stage.
Estimating practice
Alternative procurement methods
Tender
t is an invitation from the owner to the contractor to
execute some work at specified cost in specified time.
It is published in the form of tender notice in news
papers, notice boards, gussets, etc. according to the
cost of works.
Types of Tender
Open Tender :
In the open tenders the tender are open for all organisations .
Both , the government and the private companies are use open tendering process for
acquiring goods services and infrastructure work.
Single Tender :
In the single tender when only one source of supply is available then single tender is
addressed to the selected supplier
Limited Tender :
This tender is addressed to limited number of supplies ,who are reliable source of
supply
Global Tender :
In Global Tender includes worldwide tender ,thus open to anybody from any p arts of
world to supply the required quantity
EARNEST MONEY DEPOSIT
It is the amount of money to be deposited along with the tender document to the
department by the contractors quoting a tender. This money is a guarantee against the
refusal of any contractor to take up the work after the acceptance of his tender. In case
of refusal, this amount is forfeited.
EMD of contractors whose tenders are not accepted will be refunded.
1% - 2% of the estimated cost of work is the Earnest Money Deposit.
Tender document consist of ………
Tender Drawings
The specification
General requirements
Specification of workmanship and material
Bill of quantities
Condition of contract
Form of tender
Form of agreement
Form of bond
Thank You