- 2070 Chaitra · 4 marks
Purposes of rate analysis
Short answer
Purposes include finding unit rates for estimates and BOQs, fixing rates for extra items and variations, checking tender rates, determining material/labour/equipment quantities, comparing alternatives, preparing standard rates, and controlling cost and settling claims.
What are the purposes of rate analysis?
The purposes of rate analysis are:
- To find the unit rate of each item for use in the abstract of cost and the BOQ of an estimate.
- To fix the rates of extra and substitute items and of variations in a contract.
- To check the reasonableness of the rates quoted in tenders and to judge unbalanced or abnormally low bids.
- To determine the quantity of materials, labour and equipment needed per unit of work.
- To compare alternative materials, mixes and methods of construction.
- To prepare standard rates such as the District Rate and departmental norms.
- To control the cost of the project and settle claims.
✓ Answer checked by Claude Opus 5.5 (high effort)
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