Prepare Bill of Quantity document

This document is used as the basis of submitting the tender where all prices for carrying out the work are given.  The bill of quantities assists tendering contractors in producing an estimate of costs for their tender.  It also provides a fair and accurate system for tendering.  Each invited contractor bids against the bill of quantities, stating their price for each item of work.  Their priced bill of quantities constitutes their offer.  As the bill is made up of prescribed items of work, it is possible to compare both the prices directly between each tender. It is make a detailed assessment of which aspects of a tender offer good or poor best value.  The prices on the bill of quantities can also assist with negotiations with the preferred tender at later stages in the tender exercise.