Hello All,
I am about to start construction of my house and have been talking to a few contractors for construction.
Item Rate Contract: Some contractors are ready for lump sum construction ex: 1.25 lakhs per square vitrified tiles, normal brick construction etc.
A few other contractors say that they work on Item Rate Contract. Though one contractors explained, the concept I did not quite get it.
Will be glad if any one can throw light of 'Item Rate Contract' concept - its advantages and disadvantages.
Fly Ash Bricks: I read that Fly Ash bricks are eco friendly and less expensive.I also read about Fal-G bricks. Whats the difference between Fly Ash and Fal-G bricks?
And again what are the advantages and disadvantages of the above mentioned bricks over the conventional mud bricks. Any difference in the price of Fly Ash bricks of branded companies (Aditya Birla, Aerocon etc ) and non branded ones.
RMC: How reliable are the RMC providers in Bangalore (atleast big names like ACC, Aditya Birla). One of the contractors that I was speaking to stated that Onsite mix is better than the RMC as the sand used by RMC providers is of very poor quality. Is the aforesaid true?
Comments & pointers welcome
thanks,
Vat Nl
Construction Contract + Materials
Re: Construction Contract + Materials
Hello,
Item rate Contract means , the Contractor will give you rates for all items of work involved in the process of construction.eg.excavation, concreting,blockwork,plastering etc..... This item rate multiplied by the areas of each of the components of work would give you the total cost of the items, and the summation will give the total cost of construction . The basic prices of the materials are agreed along with the contract.
this method has an advantage that if you change any specifications of materials during the construction stage, it is easy to quantify the difference,but this is tedious to calculate the areas and certify the bills given by the contractor if you do not have proper knowledge.
but in lump sum contract payment is as per stages of completion of work but difference price difference due to change in specification may be difficult to quantify , if the basic quantities and rates are not mentioned previously.
Regards
ghayathri
Item rate Contract means , the Contractor will give you rates for all items of work involved in the process of construction.eg.excavation, concreting,blockwork,plastering etc..... This item rate multiplied by the areas of each of the components of work would give you the total cost of the items, and the summation will give the total cost of construction . The basic prices of the materials are agreed along with the contract.
this method has an advantage that if you change any specifications of materials during the construction stage, it is easy to quantify the difference,but this is tedious to calculate the areas and certify the bills given by the contractor if you do not have proper knowledge.
but in lump sum contract payment is as per stages of completion of work but difference price difference due to change in specification may be difficult to quantify , if the basic quantities and rates are not mentioned previously.
Regards
ghayathri