How to analyze rates for Civil Engineering Projects

In order to settle a rate for a specific item, the factors liable for influencing the rate of that item, should be analyzed cautiously. So, the method of finding out the rates of an item is called as analysis of rates or rate analysis and it is dependent on the following elements :-

1.Specifications of works and material concerning their quality, proportion and      constructional operation method.

2. Quantity of materials and their costs.

3. Cost of labours and their wages.

4. Location of site of work and the distances from source and conveyance charges.

5. Overhead and establishment charges

6. Profit

Cost of materials at source and at site of construction: The costs of materials are assumed as supplied at site all-encompassing the transport local taxes and other charges.

The objective of Analysis of rates:

1. To compute the per unit real cost of the items.

2. To calculate the reasonable exercise of materials and processes in accomplishing the specific items.

3. To calculate the cost of additional items which are not presented in the contract bond, but should be executed following the instructions of the department.

4. To modify the schedule of rates because of raising in the cost of material and labor or owing to alteration in technique.

standard schedule of rates: The labor charges is gathered from the standard schedule of rates 30% of the skilled labour submitted in the data may be considered as Ist class, left over 70% as II class. The rates of materials for Government works are predetermined by the superintendent Engineer for his circle annually and accepted by the Board of Chief Engineers. These rates are integrated in the standard schedule of rates.

Lead statement: The “Lead” is defined as the distance among the source of accessibility of material and construction site and it is presented in Km. The cost of conveyance of material relied on lead.

This statement will provide the total cost of materials per unit item. It consists of first cost, conveyance loading, unloading stacking, charges etc.

The rate demonstrated in the lead statement are intended for metalled road and contain loading and staking charges. The environment lead on the metalled roads are obtained by multiplying by a factor.

a) For metal tracks – Lead x 1.0

b) For cartze tracks – Lead x 1.1

c) For Sandy tracks – Lead x 1.4

~~~~~~~~~~~~~~~~~~~~~~

Published By

Rajib Dey

www.quantity-takeoff.com

~~~~~~~~~~~~~~~~~~~~~~

Calculate construction labor rates perfectly with this estimating spreadsheet

Construction Labor Rates Estimate Spreadsheet will help you to figure out labor rates efficiently. This construction estimating spreadsheet consists of sheet metal shop & filed labor rates, HVAC Piping shop and Field, as well as Plumbing Shop and Field labor rates.

This estimating spreadsheet is very useful for contractors as it provides guidance and assistance in working with the Hourly Labor Rate.

Download Construction Labor Rates Estimate Spreadsheet

~~~~~~~~~~~~~~~~~~~~~

Published By

Rajib Dey

www.constructioncost.co

~~~~~~~~~~~~~~~~~~~~~

Download commercial line item cost breakdown spreadsheet

The spreadsheet represents complete breakdown of all expenses associated with the design and build process. Thisestimating spreadsheet includes the cost of materials & services, direct labor, other costs, royalties as well as facilities capital cost of money.

All costs are categorized for single line item compliant with the existing cost accounting system.

The spreadsheet must be submitted with your proposal as well as cost or pricingdata.

While tendering your proposal, you must encompass an index, properly referenced, concerning all the cost or pricing data and information affixing or acknowledged in the proposal.

Besides, you must explain any subsequent additions and/or amendments, up to the date of agreement on price, or an previous date settled mutually by the parties, on a additional index.

Download commercial line item cost breakdown spreadsheet in Excel

~~~~~~~~~~~~~~~~~~~

Published By

Rajib Dey

www.quantity-takeoff.com

~~~~~~~~~~~~~~~~~~~

Analysis of rates for building works

This is how the rate analyses are done for the construction (viz. Labor,materials, machinery, transport, overheads and profit).

Rate Analysis:

• There tender has to be introduced with item rates.
• Then make sure the tender rates and its viability.
• Judging different labour, materials, machinery and money and resource optimization.
• The rates for deviation would have to be computed. If to work on the extra items or not.
• Comparing cost for amount to be approved.
• Preparing budget and cash shift.

But if the under following elements are tagged in:

• Material cost without considering the squanders.
• Labour cost
• Charges of using water
• Taxes
• Risk and insurance coverages
• Profit and overheads

Some other important points:

• Percentage of profit is 5-10 per cent. But the overhead is normally 3 - 7.5 per cent.
• The cement constant includes waste product of 2.5 per cent.
• The material constants are loading-unloading, supply price, empty bags and others.
• Labour constants are generally covered by government schemes as well as IS – 7272, NBO, CPWD and MES.
• Building material specifications are here
• Basic cost is the cost of materials and labours.
• Indirect cost is those of consulting charge or out source changes.

There are also some rates like standard schedule or derivative rates.

Ref: click here

~~~~~~~~~~~~~~~~~~~~

Published By

Rajib Dey

www.quantity-takeoff.com

~~~~~~~~~~~~~~~~~~~~