See also #AskJonesMelling: What is the difference between NRM and SMM7? A BOQ is also a valuable document during the process and settlement of any dispute resolution.īOQs are prepared in accordance with New Rules of Measurement (NRM) which became operative on Januand replaced SMM7 on July 1, 2013. It is important that a BOQ is prepared to a standard methodology recognised by everyone involved in the project to avoid any misunderstandings or ambiguities. Providing the basis for the preparation of the final account.So, it is easy to check out the price before dealing with that contractor and gather a price list for this same project from different contractors. Providing the basis of identifying works completed for interim valuations Bill of quantities allows the construction’s basic requirements, and the contractors propose the total budget for the project.Identifying a schedule of rates for individual work items to assist with costing variations.

Helping to determine the agreement of the contract sum with the successful tender.

Enable either the quantity surveyor or contract administrator to confirm that individual contractors have submitted bona fide tenders compliant with the tender information, that represent value for money to the client.ĭuring the construction period the BOQ can assist the design team by:.

Allow the employer’s consultants to carry out a tender analysis whereby they can compare both the overall cost received and individual priced items with other tender offers.

Provide a fair and accurate method for tendering contractors to price the project using the same information.

Standardise the process for tendering contractors to prepare a firm cost to carry out the works.Therefore, the most efficient way to verify an invoice is by using invoice processing software. This may take an hour, especially if the invoice has been stacked for a while. A bill of quantities (commonly known as BOQ or BQ) is a document prepared by a quantity surveyor or cost consultant to define the quality and quantity of works required to be carried out by the main contractor to complete a project.Ī bill of quantities also provides the main contractor with measured quantities of works as identified on the project drawings and specification. To verify an invoice, you need to match the invoice with the purchase order, delivery receipt, the standard sales tax, and the discounts agreed upon.

Checking bill of quantity