Obtain the Best Price Bills of Quantities are most beneficial in tendering and post contract cost management. PQS produce Bills of Quantities, providing the client with a schedule giving a description and defining the quantities of materials and labour required to complete the construction of a specific building. The process of preparing Bills of Quantities ensures a higher degree of accuracy and co-ordination of design documentation prepared by the design team. The Bills of Quantities are prepared in accordance with the Australian Standard of Measurement of Building Works, an industry accepted standard prepared jointly by the Australian Institute of Quantity Surveyors and Master Builders Australia Inc. The provision of Bills of Quantities allows tenderers to submit better quality tenders in a competitive environment. Where Bills of Quantity are not provided, tenderers must depend on their own sub-contractors broad estimates, and factor into their prices a greater margin for error.   Effective Cost Control A Bills of Quantities will produce a project with fewer disputes and variations, and reduce budget blow-outs. If a client does not have Bills of Quantities prepared initially, the tenderer must prepare some basis for their costing. The cost of having this prepared will be passed to the client. Most clients prefer to have Bills of Quantities prepared by an independent Quantity Surveyor, allowing them to have a solid basis for comparison between tenders. It also ensures that the tenderers have a common point of reference. If Bills of Quantities are not prepared, there is a major risk that tenderers will under or over estimate, which in turn would lead to significant increases in cost during the course of the project.
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