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Assigning a Monetary Price to the Bill of Quantities

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 Initially, the BoQ is a massive shopping list without any prices on it. The QS can provide estimates of the costs of the various parts based on their recent experience of the market for materials and labour. This is only an estimate, but a skilled QS can generally achieve an accurate estimate; depending on the rate of change of prices in the market for building work.

At tender stage, the builders who seek to win the project assign prices to the individual elements based on their own cost- bases and desired profits.

Such bills are essential on complex projects, and are often more than 100 pages long.

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