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
