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So as to find out a specific item’s rate, the aspects having an effect on the item’s rate are analyzed cautiously as well as after that eventually a rate is determined with regard to the item. That method of deciding an item’s rates is referred as rate analysis or analysis of rates.
A specific work item’s rate (rate of a specific item of work) relies on the subsequent:
- Details of works as well as material regarding their portion/proportion, quality as well as constructional process of operation.
- Place/location of the work site as well as the distances out of/from source as well as transportation charges.
- Materials’ quantity as well as their costs.
- Laborers’ cost as well as their remuneration/wages.
- Gain/Profit
- Overhead as well as establishment charges
Materials’ cost on/at source as well as at the construction site.
The materials’ costs are considered as delivered at/on the site including the transport local taxes as well as additional charges.
Objective of rates’ analysis:
- In order to determine the definite/real cost of every single unit of the items (items’ per unit).
- To determine the efficient utilization of materials as well as methods in finishing the particulars item.
- In order to determine the cost of additional items which aren’t offered in the contract bond, however are to be conducted in accordance with the guidelines of the department.
- In order to modify the rates’ schedule because of a rise in the cost of labor as well as material or because of alteration in method.
Labour rates:
- Mason / Brick level 1 Group INR 1000 per day.
- Mixing rates of cement mortar INR 35 per m3.
- Mason / Brick level 2 Group INR 500 per day.
- Female mazdoor INR 500 per day.
- Male mazdoor INR 500 per day.
Download: Cost Estimation RCC Building Excel Sheet
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Lecturer: Civiconcepts - Bhushan Mahajan
