Having a pricing document is a very helpful document to have available when requesting a quotation from a tradesperson
Pricing documents can vary greatly depending on the procurement route you choose. If you’ve a quantity surveyor involved in the project the quantity surveyor will create a document called a Bill of Quantities
What’s a Bill of Quantities?
A Bill of Quantities is a very detailed pricing document that contains a description of the works required along with the quantity of work required.
For example
Supply and fit pre-primed 100mm skirtings boards 150m
The above outlines that on this specific 150 metres of 100mm pre-primed skirtings are required and the contractor is to allow for supplying the skirting boards and fitting the skirting boards. Within the bill of quantities there’s a column for the contractor to insert a unit rate. A unit rate is the cost per metre of supply and fitting the skirting boards as outlined under the description
Other pricing documents are less formal. They may be less descriptive and usually categorised by including all of the items relevant to each trade together
Overall having a uniform pricing document in place for contractors to price proves to be invaluable when you put a project out to tender. It also makes the job of pricing the project much easier for a contractor. Pricing documents enable a client or their representative to analyse the quotes received on a like for like basis
Pricing documents are then used as the basis of interim payments. A contractor can insert a percentage claim against each item contained in the pricing document and the client can assess if they have completed the amount of work they have claimed for
As part of our end to end home renovation service we complete a pricing document that our sub con partners price. We then use the pricing document we submit to the client as a basis for our fortnightly progress claims
If you’re planning to renovate your home and like the approach we take with our end to end home renovation service complete the contact form and we will explain to you in more detail how we work
