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Building a Schedule of Rates Item

In this course, we outline the essential process of creating a Schedule of Rates item, a crucial tool in construction when the scope of work is clear, but the exact quantities are uncertain.

20 minutes
1 video
1 transcript
key points
1 quiz

What you will work through

1 of 4
WatchVideoThe core idea explained, step by step.
2 of 4
ReadTranscriptThe full transcript, to go back over the detail.
3 of 4
Take inKey pointsThe key points, ready for revision.
4 of 4
Quiz1 quizPass to earn your CPD certificate.

In this course, we outline the essential process of creating a Schedule of Rates item, a crucial tool in construction when the scope of work is clear, but the exact quantities are uncertain.

Using a practical example of installing a 100mm pipe in an asphalt footway, we guide you step by step through defining the scope, breaking down the cost elements (labour, plant, materials and subcontractors), calculating productivity and cost per metre, applying realistic risk allowances, factoring in overheads and profit, and arriving at a final Schedule of Rates figure.

By the end, you will know how to price work confidently when quantities are not fixed, which is essential for frameworks, term contracts and early-stage planning. All rates and productivity assumptions are illustrative, but grounded in realistic site conditions.

 

What Does This Course Entail?

One Video

One Detailed Transcription

Key Points

One Quiz

 

How Long Will This Course Take?

20 minutes

Curriculum

  • 1 Section
  • 2 Lessons
  • Lifetime
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