A bill of quantities forms the backbone of the financial planning for every construction project. This is a standardised list containing all of the crucial elements of a project: from materials and labour, to equipment. These items are ordered based on their function or location within the construction process, which ensures clarity and uniformity in how construction costs are presented and compared.

Once a concept has been devised stably and sufficiently, drawing up a descriptive bill of quantities is advisable. This detailed approach to estimating costs and specification describes each items comprehensibly. This ensures a more precise picture of the requirements – such as quality requirements – for the project, and offers all stakeholders a detailed overview of the anticipated costs and materials needed. That means there are no surprises.

A properly drawn up bill of quantities is essential for successful project management, with both the financial feasibility and efficient execution being paramount.