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Assembling The Price Data

Contracts often include clauses to allow for additional costs on projects. Early estimates for new projects may include some provisions for potential cost increases, unless the project is scheduled to begin soon and be short. Labor typically accounts for a minor part of costs for conventional building and civil works, but can make up about a third of total costs for rural road projects using labor-intensive methods. Producing a reliable cost estimate requires obtaining up-to-date price information from relevant technical staff, suppliers, contractors, and records of recent or current similar projects.

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17 views

Assembling The Price Data

Contracts often include clauses to allow for additional costs on projects. Early estimates for new projects may include some provisions for potential cost increases, unless the project is scheduled to begin soon and be short. Labor typically accounts for a minor part of costs for conventional building and civil works, but can make up about a third of total costs for rural road projects using labor-intensive methods. Producing a reliable cost estimate requires obtaining up-to-date price information from relevant technical staff, suppliers, contractors, and records of recent or current similar projects.

Uploaded by

Anwar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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contracts have separate clauses that spells the remaining two thirds distributed on

out how such additional costs can be equipment and materials).


added to a project. At the early stages
of estimating a new project, it may be Assembling the Price Data
useful to add some provisions for cost Producing a reliable cost estimate
increases. If the project is expected to requires the involvement of a number 1
start in the immediate future and is of a of key players and resource persons.
short duration, such provisions are not Information relating to prices on

P L A N N I N G A N D P R E PA R AT I O N O F W O R K S
included. materials, equipment and services need
to be up to date. To achieve this, it is
Labour necessary to consult the right technical
The cost of labour is often a minor factor staff, material suppliers and contractors.
in conventional building and civil works Large contracting firms have dedicated
projects. When applying labour-based staff dealing with estimating and pricing
works methods, however, it is possible to of works. Equally, central road works
substitute some of the equipment usage agencies often prepare cost norms used
with labour. For rural road construction for preparing estimates of new works
or improvement works, the labour costs projects. Still, the best reference source
component can then be increased to for costing new projects is the costs
roughly a third of the total costs (with incurred on recent or on-going works.

BUILDING RURAL ROADS


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