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Bill of Quantities serves as a basis of detailed breakdown of work scope, quantity and cost of labour and materials. In the BOQ this will the basis of contract agreement of the Client and the Contractor's work description/ scope.<br>
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Bill of Quantities serves as a basis of detailed breakdown of work scope, quantity and cost of labour and materials. In the BOQ this will the basis of contract agreement of the Client and the Contractor's work description/ scope. BILL OF QUANTITIES BOQ)
FUNCTIONS OF BOQ Post- Contract: BoQ assist in the valuing of progress payment and variation works. During post-contract stage BoQ will facilitate variation orders management by providing a sound, common basis for the valuation and assessment of variations. The function of a BoQ can further be expanded in enabling the creation of price database which proof to be useful for future estimating and can be interrogated as a financial management tools in construction. Pre-contract: BoQ assist contractor in the formulation of their tender.
BOQ SERVES AS A breakdown of the tendered price, with no contractual status, but providing information for the selection from tenderer’s. An estimate measure of the work for the tendered price, to be used to arrive at a revised contract price once the actual quantities of work carried out are measured. A schedule of rates as the contract basis for valuing variations in the work. A basis for measure of the value of work competed for interim payments.
NFRA Starting with sales enquiry, nfra gives you an option to add all the information regarding the enquiry, like project name(for which enquiry is being done), employee who generated the enquiry, place, project cost and many more. This information when added can also serve as reference for future.
NFRA The sales enquiry window also provides a tab to add the BOQ. One can enter the BOQ manually, import it, Cut, copy and paste BoQ data between concurrently loaded projects or can even use an existing one. This BOQ consists of all the items required for the completion of project along with their detailed descriptions, quantity, make, origin and remarks
NFRA Sales quotation provides you with the total amount and their division, like material cost, overhead charges, etc. This also allows you to import BOQ within the this quotation so that one can get more detailed description of quotation by matching the charges against the items mentioned in BOQ with their quantities. If the sales quotation can not be provided against the enquiry made, then the reason for the same is also provided with remarks for any further enquiry.
NFRA Once the quotation is accepted by the client, a sales order is generated. This sales order is confirmation that is sent to the client, it consist of the client date along with the expected and actual dates of receiving LOI and work order. The sales order also has an option to add any more financial records that would have affected the cost, so that a detailed description of quotation is maintained without any data loss. Any attachment that can be significant towards the sale can also be uploaded and maintained simultaneously.
CONCLUSION The BOQ of any project can be maintained very easily through the above explained process. nFra not only increases the efficiency and effectiveness of the project but also streamlines the business processes so that all the other activities of the project are done smoothly. Please free to write to us on sales@eresourceinfotech.com http://www.eresourceerp.com http://www.nfra.eresourceerp.com
