Bill of Quantities
BOQ means Bill Of Quantity, it gives an idea about the cost of whole project work. The purpose of preparing BOQ is to know the exact costing of project work by multiplying item work by their rate.
It Provide Details of Work. As we know planning the project is the most important task in that BOQ plays a very crucial role in the planning of a project. In the bill of quantity items of work with their quantities are listed, thus half of the work of the planner is already done. The project planner only has to arrange resources and set the duration of work completion, planning is done.
It offers Evaluation and Comparison Opportunity with other Quotes. The details of all the items of work are specified in BOQ, which will help in evaluating it thoroughly. It helps in tendering process with the facility of comparing each contractor on the basis of each item. Hence we will get the best deal.
It Helps in Defecting Problem Before Work Starts.It includes full project work detail, which is useful to identify future problems. Thus we can find future problems and search for a possible solution for those problems.
It becomes an essential and efficient tool in project management. As we know the quantity of material so we will arrange it on time. Thus the project works completely within the time limit.
The cost and Time of construction projects are extensively correlated to each other. As we complete the project in a given time period cost will reduce.
Better Project Management Tool and it helps in Reducing Construction Cost. It is one of the proven best project management tools which offer ease for the management when they are fully aware of the items/components, suppliers, time frame, etc.