Bill of Quantity
The primary purpose of a BoQ is to ensure all contractors are provided with a systematic document to price and submit a fair and accurate tender. To a large extent the BoQ is used in post tender works for the preparation of interim valuations, to assist with variations and the final account etc.
A BoQ helps contractors produce an accurate and fair tender. Having this as a standard document ensures that competing contractors price the items of work on the same basis. Thus, reducing the risk of ambiguity through addendums, omissions or misunderstandings.
The BoQ defines the extent of the work that needs to be carried out and also provides the estimated contract sum. Thus, it is a very useful document for contractors and clients alike. Having a solid BoQ also makes quantifying the works much easier and more transparent. This is something that needs to occur during the procurement process of any project to get accurate prices or to value the work for payment.
Producing an effective BoQ is therefore essential for a successful bidding process. Getting this process right can help contractors to provide a better service, as well as win over more clients.