Rate analysis :
Rate analysis is the study of principal role played by various constituents, elements of construction such as equipments, cost of labor, number of equipments etc.
Rate of an item = Cost of material (A) + Cost of Labor (B) + Cost of scaffolding (C)+ Cost of water charges (D) + Cost of sundries (E)*
- Sundries mean cost of all small items which cannot be accounted separately.
Factors affecting rate of an item :
- Locality and situation.
- Size and extent of work.
- Nature of project.
- Height/Level of work at which it is being executed.
- Environmental and climatic conditions.