Material & Equipment Costs - 1
Considerations include
- Discrete items
- Items that can be counted in some way
- Number, length, area, volume
- Estimated by applying unit rates to "quantity take-offs" derived from specifications, drawings, lists, etc
- Must include corresponding materials and equipment requirements per unit
- "Off-the-shelf" equipment or prefabricated parts
- Vendors preliminary or final best quotes
- Plus transport and handling, applicable taxes and duties, temporary storage and security if needed