This is how the rate analyses are done for the construction (viz. Labor,materials, machinery, transport, overheads and profit).
Rate Analysis:
· There tender has
to be introduced with item rates.
· Then make sure
the tender rates and its viability.
· Judging
different labour, materials, machinery and money and resource optimization.
· The rates for
deviation would have to be computed. If to work on the extra items or not.
· Comparing cost
for amount to be approved.
· Preparing budget
and cash shift.
But if the under following elements are tagged in:
·
Material cost without considering the squanders.
·
Labour cost
·
Charges of using
water
·
Taxes
·
Risk and
insurance coverages
·
Profit and
overheads
Some other important points:
· Percentage of
profit is 5-10 per cent. But the overhead is normally 3 - 7.5 per cent.
· The cement
constant includes waste product of 2.5 per cent.
· The material
constants are loading-unloading, supply price, empty bags and others.
· Labour constants
are generally covered by government schemes as well as IS – 7272, NBO, CPWD and
MES.
· Building
material specifications are here
· Basic cost is
the cost of materials and labours.
· Indirect cost is
those of consulting charge or out source changes.
There are also some rates like standard schedule or derivative rates.
