BOQ Calculation Formula:
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A Bill of Quantities (BOQ) is a document used in construction and procurement that provides detailed quantities of materials, labor, and services required to complete a project. It serves as the basis for cost estimation and tender preparation.
The calculator uses the standard BOQ formula:
Where:
Explanation: The formula calculates the total cost by multiplying the quantity of each item by its unit rate and summing all individual item costs.
Details: Accurate BOQ calculation is essential for construction project budgeting, cost control, tender preparation, and ensuring project financial viability. It helps in comparing contractor bids and managing project costs effectively.
Tips: Enter the number of items first, then input quantity and unit rate for each item. Quantities can be in any unit (meters, kilograms, hours, etc.) and unit rates should be in dollars per unit. All values must be positive numbers.
Q1: What is the difference between BOQ and BOM?
A: BOQ (Bill of Quantities) includes quantities, descriptions, and rates for costing, while BOM (Bill of Materials) lists materials needed without pricing information.
Q2: How accurate should quantities be?
A: Quantities should be measured as accurately as possible from detailed drawings and specifications, typically with precision to three decimal places.
Q3: What factors affect unit rates?
A: Unit rates depend on material costs, labor rates, equipment costs, market conditions, location, and project complexity.
Q4: Should contingency be included in BOQ?
A: Contingency is typically added as a separate line item (usually 5-10% of total cost) to cover unforeseen expenses.
Q5: How often should BOQ be updated?
A: BOQ should be updated whenever there are design changes, scope modifications, or significant cost fluctuations in materials or labor.