Can you afford to waste time by not using a Bill of Quantities?
A Bill of Quantities allows you to compare ‘apples with apples’. When there is so much detail to consider, a Bill of Quantities allows you to easily determine who is competitive and who is not.
If you need the best value for money while not compromising quality from any supplier, then you must use a Bill of Quantities.
Smarter Decisions with a Bill of Quantities
Tendering a project to several suppliers or sub-contractors can get complicated. You need to determine who not only has the best price, but also who has the capability and skills to perform the job accurately and professionally, on time.
When you request quotes from sub-contractors or suppliers, the best way to do this is to use a Bill of Quantities. This is a detailed list of each item or service required to fulfill their scope.
If you don’t itemize the materials and services and ask each supplier to price accordingly, when you receive prices back it will be impossible to determine who has the best price.
A Bill of Quantities allows you to make an informed decision about who the best and most competitive supplier is.
3 Valuable Benefits of Using a Bill of Quantities
You will be able to instantly compare quotes accurately.
You will be able to determine who is providing the better overall service and/or product.
You will be able to make an informed decision instead of guessing.
Don’t Make the Same Mistake
I have been in this situation myself. I once requested quotes from 5 different contractors for a semi-complex project. I thought it would be faster and easy to simply make a quick decision and I was impatient. It didn’t turn out like I thought it would.
Once the quotes started coming in, I quickly realized how different they were going to be.
Some contractors had included items that I hadn’t even thought about and some contractors didn’t. There were bits and pieces of things everywhere and trying to wade through all 5 quotes just became confusing.
I even thought I would be smart and tried to create a separate Microsoft Excel file to extract each contractors items and price. That just turned into an even bigger nightmare!
What a colossal waste of time.
That was the first and last time I sent out a quote request without including a Bill of Quantities. Don’t make the same mistake and waste your time.
Time Saving Template
You can see from above that using a Bill of Quantities is going to save you a lot of headaches when it comes time to make a decision.
A Bill of Quantities Master Template is going to allow you to create a Bill of Quantities accurately and quickly. Use this template to create your Bill of Quantities and send it out to each supplier so they can all price the same scope accurately.
When you receive prices back, you will almost instantly be able to compare quotes and choosing the right supplier will be simple and fast.
Review the Bill of Quantities Master Template below. This template is created in Microsoft Excel and can easily be amended to suit your project.
Bill of Quantities Template
Also Included Free Bonus !
Buy this Bill of Quantities Template today and also receive an additional two templates completely free.
Free Template 1
A Tender Assessment Comparison Template
Free Template 2
A Progress Payment Certificate Template
These templates are provided in Microsoft Excel file format for easy download and use. All 3 templates are included in the one download for the one price.
Tender Assessment Comparison Template
Once you have received your quotes from suppliers you can enter them into this Tender Assessment Comparison Sheet. This will allow you to present your data professionally and also compare quotes easier.
Progress Payment Certificate Template
A Progress Payment Certificate Template allows you to track project expenses between your Client and Contractors. Tracking and recording where money is being spent is critical to any project. If you don’t track payments accurately from day 1 of your project, it will quickly turn into a mess.
This could then turn into a dispute with your Client and Contractor. Avoid disputes at all costs. Can you really afford to not track payments accurately?
This template is provided in both MS Excel and MS Word formats. Review the template included below.
What is Included?
Bill of Quantities File Type
Microsoft Excel .xlsx
Tender Assessment Comparison Template File Type
Microsoft Excel .xlsx
Certificate of Payment Template File Type
Microsoft Excel .xlsx
Microsoft Word .docx
Easy, Quick, Efficient…..Done
Time Saving Templates
Our Master Templates are easy to use and apply. Use Microsoft Word to find and select the relevant information to customize it to your needs.
Customize in Minutes with Red Highlights
To assist you in customizing our Master Templates quickly and easily, all items that need customizing are highlighted in red. You can simply use the Find and Select tool in Microsoft Word (Ctrl+H) to identify all relevant items in one hit and replace instantly or simply scroll through and change the items in red.
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Using templates saves a huge amount of time.
All the best with your project.
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