Rate Analysis | Objective/ Purpose of Rate Analysis

Rate Analysis

Determination of rate per unit of a particular item of work from the quantities and cost of material, labour, tools and plants, etc. required is defined as rate analysis

The rate per unit of particular item depends on: -

1. Quantity of material and cost

2. Labour cost

3. Transportation of material

4. Cost of tools and plants

5. Contractors profit

Objective/ Purpose of Rate Analysis

1. To find the actual cost of item at the locality

2. To check rates offered by contractor

3. To calculate exact quantity of material and labour

4. To fix up labour contract rates

5. To examine most economic method of construction

6. For preparing supplementary estimates