Quantification and Costing

Question 1

What is a Bills of Quantities

Answer 1

A list of material, labour and parts are quantified that are needed for a project.

Ensures fair tenders, produced by QS

Question 2

What is a Contract Sum Analysis (CSA) ?

Answer 2

An actual estimated cost breakdown for the works the contractor are tendering for

Question 3

What is Cost Model ?

Answer 3

An approximate pricing model for a site with a similar size, asset type and location

Question 4

What is SPONS ?

Answer 4

An approximate pricing guide with data gathered from AECOM.

More granular breakdown

We use to reconstruct a building

Question 5

What is a Final Account ?

Answer 5

A final account is an agreed price between a contractor and employer for works undertaken.

It often includes for variations, any commercial settlements & LADS.

It is often negotiated.

Question 6

How do you reconstruct a building ?

Answer 6

I would measure the floor plans using PDF Measure or AutoCAD.

• Use SPONS to price items I have listed from site survey
• Apply location factor & TPI to reflect purchase date
• Use BCIS to check my m2 rate against the average.

Question 7

What is BCIS ?

Answer 7

BCIS is tool used to find a benchmark for the average price per m2 for asset types or structural categories

You can also find TPI’s on BCIS.

Takes data from multiple cost consultancies