BOQ is an important document to add to when bidding. Whether you’re asked for this during tendering or before the project starts. You need to be ready with this on time. BOQ and BOM are similar terms used for billing the quantity and material. If you are confused about what the full form of BOQs is, how it works, and why it’s important, then you have come to the right place. In this guide, we have covered all the essential information about this. Let’s have a look.
What is BOQ in Tender?
A BOQ is a shorter term for “Bill of Quantities,” which is required for analyzing the cost of a construction project. It is needed in situations where accurate planning, costing, and fair bidding are important. That’s why BOQ in tenders plays a crucial role.
BOQ is required in various situations, such as during tendering. Sometimes tenders need to be completed before starting the projects, procurement, or material preparation. After all, it will be a must-have, so always prepare it with accuracy and a fair deal.
Importance of BOQ in Tendering
Here is why BOQ in tendering is considered important:
Transparency: BOQ in tenders mentions the clear details of work items and materials. Including the qualities and cost required in the project. It makes it easy for the authority to know that all bidders have the same information. Bill of quantities reduces misunderstanding and hidden costs.
Accuracy: This provides complete details of all materials and quantities. BOQ mentions the pricing of every item in an organized way, making it easy to calculate the total project cost and compare it fairly. It helps to avoid underpricing or overpricing in tendering and allows the client to manage the budget confidently.
Fair Comparison: The Bill of quantities mentions all the details precisely, so the tenderer can easily check the final price. Based on the budget, it makes it easy for the tenderer to choose the bidder. The BOQ clearly mentions the scope of work and material. So, tenders can compare and find the right seller that suits their specific budget and needs.
Different Types of BOQ
There are several different types of BOQ in tenders:
Preliminary BOQ:
The preliminary BOQ is like a raw draft of the project’s cost. It gives you an estimated idea of how much money and materials would be required before the final design is ready. This is like the preparation of the budget and the size of the project.
Detailed BOQ:
After the preliminary, the detailed BOQ needs to be prepared. A detailed bill of quantities has accurate measurements and specifications of the material and cost based on the tender and contract.
Abstract BOQ:
You can guess it by name, as it aims to summarise the total quantity and is mentioned in a concise format by category. It’s like reviewing the summary version, highlighting the cost of major items.
Item Rate BOQ:
This offers the accuracy of the project. It is prepared with detailed specifics of material, labour costs, and equipment. It mentions the rate, total cost, and quantity of the entire project.
Lump Sum BOQ:
It’s a total amount for a whole project or section in a single way.
How to Fill an Accurate BOQ in Tenders
To accurately submit your BOQ in tender, here are the steps to follow:
- Read the tender BOQ carefully: Before starting to fill up the details, pay more attention to understand the scope of work and required items. Carefully read the tender instructions to ensure accuracy on your bill of quantities.
- Check the Details: Always check the details you have mentioned in the BOQ forms. Give it a quick cross-check from tables, quantities to item details.
- Enter correct unit rates: To avoid any misleading amounts, make sure to include the right numbers. Include the units of material, labor, and transport. Also mention taxes and profit.
- Review calculation: After mentioning all the numbers of the required details, ensure to check the blanks, errors, and wrong formulas. Calculate the entire amount at last to have an accurate BOQ.
- Submission: At the final step, follow the portal guidelines and fill in the details in the given format, and submit.
Find Tenders- Role of TenderShark
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Conclusion
Bill of quantities (BOQ) is an important term to understand before bidding. As it can increase your presentation during the bidding or tender platform. It’s like submitting an assignment and waiting for the result. So, make sure to follow the guidelines provided by the authority or tenders to have clarity while preparing a BOQ for a tender.