Report: Evaluating eqBQ 1 INTRODUCTION 1.1 QUANTITY TAKE-OFF IN CONSTRUCTION Quantity takeoff is an essential task in the construction process as it provides the basis for other construction tasks that follows. The building elements are measured and these quantities are then used to estimate the cost and the relevant workload involved. This information is then assembled in a Bill of Quantities (BQ). The BQ structures and organizes the information about measurements, productivities and costs, according
and always plan ahead, they must talk to the client always, from which every design, cost and essential decision will be made through, must certainly budget effectively and efficiently, as well as coord... ... middle of paper ... ... price and quantity. Both are lump sum form of contracts. Though an architectural project not maximizing quality, or skimping out to allow for an early open, in my opinion is dishonest and demeaning to the profession. Buildings don’t naturally diminish after time, or
specification or drawings and bill of quantities. Where quantities have been prepared, the quantity surveyor will either have incorporated the relevant parts of the specification in the preface and in the descriptions or, more commonly today, incorporated the complete specification and referenced the bill description thereto. However, certain matters in a specification, colors, joist spacing, etc., may well have no cost significance as far as the bill of quantities is concerned but are very relevant
What are the aims of inventory management? The aims of inventory management are the following: a) provide both internal and external customers with the required service levels in terms of quantity and order rate fill, b) ascertain present and future requirements for all types of inventory to avoid overstocking while avoiding ‘bottlenecks’ in production, c) keep cost to a minimum by variety reduction, economical lot sizes and analysis of costs incurred in obtaining and carrying inventories, and d)
tender process means selection of contractor through a process. The tender documents are made up of six groups of documents, which is: - Form of agreement (articles of agreement and conditions of contract), - Contract Bills (preliminaries, preamble, specifications, bills of quantities and general summary of tender), - Supplementary Requirements (declaration of non-collision, form of tender, instructions to tenderer, conditions of tendering), - Ancillary Forms (Schedule of finishes, list of prime
largest Zimbabwean bill and the Zimbabwean currency was used in over 95% of transactions. In 1980, a US dollar bill was only worth Z$.647. GDP had increased by 14.6% in 1980 from the previous year. In 1982, the unemployment rate stood at 10.8%. In 2008, the year of Z$10 million loaves of bread, Zimbabwe’s annual inflation rate was 231 million percent and its monthly inflation rate had been 2,600.2 %. The Z$20 bill had been replaced as the largest Zimbabwean bill by the $Z 100 trillion bill and the local
The documents include bill of exchange, a copy of bill of lading, certificate of origin, commercial invoice, packing list, and other relevant documents. The importer makes payment to the bank and collects the documents. Step 8: Bill of Entry: This is a documents required in case of import of goods. It is like shipping bill in case of exports. A bill of Entry is the document testifying the fact that goods of the stated value and description in specified quantity are entering into the country
Quantity surveying is the profession that combines formal qualification with training and experience that provides a general set of skills which are then applied to different types of problems within the construction industry. Quantity Surveyor’s work in professional quantity surveying practices, and in a number of other organisations, including local government bodies and agencies, contractors and specialist sub-contractors, developers, financial, legal and insurance companies. In the department
foods and amount you bought. Also, you would only be cooking specific quantities from the amounts you bought, leading to less or no leftovers being discarded. In addition to this, another way that you can prevent food s... ... middle of paper ... ...isely, individuals can save food from getting spoiled. People can save food from getting spoiled by buying specific amounts of food they actually need. When buying specific quantities of food, your eating the amount of food you bought for a specific amount
made successfully, configuration management needs to be done efficiently. One importance of configuration management is in the correction of errors in engineering drawings or documents (Crow, 2002). Human errors easily occur in the design, bills of quantities or drawings of a building; configuration control enhances the correction of such errors by finding the concerned document and the practitioner who will correct the document. The safety of a building is of paramount concern to the users as well
question to raise the state's minimum wage higher than it is recently at with $7.25. There are many concerns that owners of businesses have about if the government is going to raise the minimum wage. As of 2014 Gov. Mary Fallin signed into a law a bill that would banned cities within Oklahoma from creating a mandatory minimum wage and employees benefits. The minimum wage issue is a microeconomics issue because it mainly effects a single individual of a household, a group of consumers, and businesses
LCL formerly applied to "less than (railway) car load" for quantities of material from different shippers or for delivery to different destinations carried in a single railway car for efficiency. LCL freight was often sorted and redistributed into different railway cars at intermediate railway terminals en route to the final destination. LCL is "a quantity of cargo less than that required for the application of a carload rate. A quantity of cargo less than that fills the visible or rated capacity
and preferences b. expectations c. income d. prices of other goods e. wealth 3. A market is in equilibrium when there is: a. excess demand. b. excess supply. c. a shortage. d. a surplus. e. None of the above. 4. The equilibrium quantity in a market could remain unchanged if there were a/an _________ in demand offset by a/an ________ in supply. a. increase, decrease b. increase, increase c. decrease, decrease d. None of the above. 5. Which of the following is microeconomics
When I took the scores of macroeconomics I thought I was going to get the same old spiel of how the economy works. Little did I know I will discuss economics and going to Depth and he and other economical situations will be brought up in resolved In the first portion of our class we discussed economics we discuss the small units and date in larger units of macro micro economics we talked about how taxpayers of help and paid higher taxes and we talked about the unattainable and attainable statuses
Total revenue, which is the total amount of income received from the sales of a certain quantity of goods or services. Total revenue can be calculated by multiplying the price of a product times the quantity sold. For instance, if 160 baseball caps are sold and each baseball cap was priced at $5 each, the total revenue would be (160*5) $180. Total cost is all of the expenses incurred in the production of a product, to include fixed and variable costs. Fixed costs, are expenses that are constant and
Like always she mentions her family and enjoys her humble beginnings. I will commence showing the dependent demand of Angus burger and the independent demand people enjoy. Essay III Rene Interview PII When the question was proposed to Rene about the bill of material (BOM) Rene immediately responded with, "Everything the store needs is in their ordering system after inventory is taken then they know how much inventory is on hand. "(Rene) BOM is one of the key components in (MRP keeping in line with
measured quantities of the items of work identified by the drawing and specification in the tender documentation. The quantities may be measured in number, length, area, volume, weight or time. Preparing a BQ requires that the design is complete and a specification have been prepared. The BQ is issued to tenders for them to calculate a total cost for carrying out the construction works and as it means all tendering contractors will be pricing the same quantities rather than taking-off quantities themselves
it. When dealing with public policy and how it is created one must know how the idea is even brought up and put into motion. Anyone can have an idea for public policy and bring it to the government to be made to change something. When this happens a bill is created with this idea to later become a law if possible. Public policy is created because an issue arrives that someone doesn’t like and they want it to be changed. The government tries to make a policy to change it for the better. In other
activities could be separated from their retail supply business. This act though will have implications on both, the suppliers and the consumers, in the short run and the long run. Currently there is an excess demand meaning that the quantity demanded exceeds the quantity supplied, due to the fact that the equilibrium is high. The equilibrium price of a product is determined at the intersection of the market demand curve and the market supply curve of the product. (Salvatore, 2007) Therefore an excess
3.1 PVC MODELS 3.1.1 FABRICATION OF PVC PIPE STEAM BATH The description of Items used in making PVC Pipe Steam Bath and their quantity is mentioned in Table 3.1. As shown below, we need 23 Feet long PVC pipe and 16 PVC fitting (L & T shape joint), Soft and crack resistant polythene and wooden steam hose. Table 3.1: Bill of material for PVC Pipe Steam Bath Item Description Description 01 PVC pipe 23 Feet 02 PVC Fitting 16 (L & T-joint) 03 Soft and crack resistant polythene