The element unit rate (EUR) is the total cost of an element divided by the element unit quantity (EUQ). For example, the EUR for external walls is the total cost of the external walls divided by the EUQ for external walls.
EURs include the cost of all materials, labour and plant, together with subcontractors’ preliminaries, subcontractors’ design fees and subcontractors’ overheads and profit.
EURs exclude:
- main contractor’s preliminaries;
- main contractor’s overheads and profit;
- other allowances, such as project and design team fees, other development and project costs, risk allowances and inflation.
These items should be assessed separately.
