Rate analysis Norms.

All construction projects are subdivided into various activities. With each activity, there are different construction and civil works. Therefore, the total cost of construction works is a combination of all the costs of activities involved.

Benefits of Rate Analysis

There are two significant benefits for carrying out rate analysis of an item. The first is determining the cost per unit item, while the second determines its economic processes and uses.

Importance of Rate Analysis

Rate analysis gives a well-defined picture of tools, services, and machinery involved in the construction of a project.

Rate analysis helps in proportioning the effect of the market on the payments made for construction work. It also helps in determining the construction costs per unit as stipulated in the specifications. The use of rate analysis makes it possible to come up with uniform standards for construction works.

How do you calculate Rate Analysis

Five factors play a pivotal role when calculating rate analysis. These are

• Material costs
• Labor costs
• Equipment costs
• Overheads
• Contractor profits

MATERIAL COSTS

When determining the material costs, you need to determine purchase prices, storage prices, transportation costs, and wastages due to excesses. These rates are resolved from the current market rates.

LABOUR COSTS

When determining the labor costs, we determine the amount of labor required per unit measurement of a construction project. The numbers are then multiplied by the relevant applicable wages to get the labor costs per unit.

EQUIPMENT COSTS

There are different machinery employed in construction work. If machinery is used for construction work, the cost will be added to the activity cost involved. For instance, we will add a concrete mixer to the cost of preparation of concrete. However, if a machine is used for different types of work, a separate budget is reserved for them.

OVERHEAD AND PROFIT

The costs of overheads and profit are also inclusive during rate analysis. These include office, rent, furniture, wages, profit and contingencies. The charges are about 15% of the overall costs.

Some of department approve and published the rate analysis norms for construction works.

Building Rate Analysis Norms (Download)

Retrofitting Rate Analysis Norms. (Download)

Irrigation Rate Analysis Norms. (Download)

Road Rate Analysis Norms 2075. (Download)

Road Rate Analysis Norms 2072 (Download)

Dolidar Norms 1998 (Download)

DoA Rate Analysis Norms (Download)