How a BoQ Helps Manage Project Costs
The BoQ ensures that both contractors and clients have a detailed understanding of the project’s requirements and associated costs. It helps contractors prepare accurate bids and provides transparency, preventing disputes over what is included in the project’s scope. A well-prepared BoQ also aids in tracking expenses throughout the project.Best Practices for Using a Bill of Quantities
Contractors should ensure the BoQ is as detailed as possible, listing all required materials, labour, and costs. This clarity prevents misunderstandings and ensures that the project stays within budget. Regularly updating the BoQ as changes occur will keep costs transparent and manageable.Related Terms: Lump Sum Contract