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  • Tendering, Bidding and Contracting

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    saloni shah
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    The document discusses 4 types of construction contracts: 1. Item Rate Contract which lists work items with quantities, rates and amounts totaling Rs. 17,863,190. 2. Percentage Rate Contract applies percentage variations to the Item Rate Contract amounts, totaling Rs. 22,879,072. 3. Cost Plus Percentage Contract sets the cost at Rs. 17,863,190 with a 12% fee totaling Rs. 20,006,772.80. 4. Target Contract outlines profit/loss calculations if the actual cost is under or over the estimated cost of Rs. 17,863,190.

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    GR5_TBC_3

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    The document discusses 4 types of construction contracts: 1. Item Rate Contract which lists work items with quantities, rates and amounts totaling Rs. 17,863,190. 2. Percentage Rate Contract applies percentage variations to the Item Rate Contract amounts, totaling Rs. 22,879,072. 3. Cost Plus Percentage Contract sets the cost at Rs. 17,863,190 with a 12% fee totaling Rs. 20,006,772.80. 4. Target Contract outlines profit/loss calculations if the actual cost is under or over the estimated cost of Rs. 17,863,190.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    17 views5 pages

    Tendering, Bidding and Contracting

    Uploaded by

    saloni shah
    The document discusses 4 types of construction contracts: 1. Item Rate Contract which lists work items with quantities, rates and amounts totaling Rs. 17,863,190. 2. Percentage Rate Contract applies percentage variations to the Item Rate Contract amounts, totaling Rs. 22,879,072. 3. Cost Plus Percentage Contract sets the cost at Rs. 17,863,190 with a 12% fee totaling Rs. 20,006,772.80. 4. Target Contract outlines profit/loss calculations if the actual cost is under or over the estimated cost of Rs. 17,863,190.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 5

    1

    TENDERING, BIDDING AND


    CONTRACTING

    Types of Contract
    Submitted by: -
    RP20018: - Nishant Pandit
    RP20047: - Saloni Shah
    RP20050: - Rohit Koppera
    RP20057: - Kshitija Bhoir

    Date of submission: - April 04, 2021

    Submitted to: - Prahlad R.

    1
    2

    1. Item Rate Contract

    Sr. No. Description Quantity Rate Unit Amount

    Carrying out total station survey of the


    1 5800 1.5 sqm 8700
    entire plot
    Excavation in soil/ Soft Murrum by
    2 3240 94 cum 304560
    Mechanical means upto 1.0m depth

    Excavation in soil/ Soft Murrum by


    3 3240 113 cum 366120
    Mechanical means upto 2.0m depth

    Excavation in soil/ Soft Murrum by


    4 3240 125 cum 405000
    Mechanical means upto 3.0m depth

    Excavation in soil/ Soft Murrum by


    5 3240 438 cum 1419120
    Mechanical means upto 4.0m depth

    Excavation in soil/ Soft Murrum by


    6 3240 575 cum 1863000
    Mechanical means upto 5.0m depth
    Excavation in soil/ Soft Murrum by
    7 440 313 cum 137720
    Manual means upto 1.0m depth
    Excavation in soil/ Soft Murrum by
    8 440 338 cum 148720
    Manual means upto 2.0m depth
    9 Excavation in Rock 4.0m to 5.0m depth 25 2524 cum 63100
    Excavation in soil/ Soft Murrum by
    10 Mechanical means upto 5.0m to 6.0m 3240 731 cum 2368440
    depth
    11 Excavation in Rock 5.0m to 6.0m depth 30 3149 cum 94470
    Excavation in soil/ Soft Murrum by
    12 Mechanical means upto 6.0m to 7.0m 3240 887 cum 2873880
    depth
    13 Excavation in Rock 6.0m to 7.0m depth 35 3774 cum 132090
    Excavation in soil/ Soft Murrum by
    14 Mechanical means upto 7.0m to 8.0m 3240 866 cum 2805840
    depth
    15 Excavation in Rock 7.0m to 8.0m depth 40 4399 cum 175960
    Excavation in soil/ Soft Murrum by
    16 Mechanical means upto 8.0m to 9.0m 3240 1022 cum 3311280
    depth
    17 Excavation in Rock 8.0m to 9.0m depth 45 5024 cum 226080

    2
    3

    Excavation in soil/ Soft Murrum by


    18 Mechanical means upto 9.0m to 10.0m 900 1178 cum 1060200
    depth
    Excavation in Rock 9.0m to 10.0m
    19 15 5649 cum 84735
    depth
    Demolition of Stone or B. B. Masonry
    20 5 1334 cum 6670
    work in Excavation
    Demolition of Concrete work in
    21 5 563 cum 2815
    Excavation
    22 Demolition of RCC work in Excavation 5 938 cum 4690
    Total 17863190

    Total value of Item Rate Contract is Rs. 17,863,190/-.

    3
    4

    2. Percentage Rate Contract

    Sr. Percentage Modified


    Description Quantity Rate Unit Amount
    No. Variation Amount
    Carrying out total station survey of the
    1 5800 1.5 sqm 8700 0.30% 2610
    entire plot
    Excavation in soil/ Soft Murrum by
    2 3240 94 cum 304560 0.50% 152280
    Mechanical means upto 1.0m depth

    Excavation in soil/ Soft Murrum by


    3 3240 113 cum 366120 0.50% 183060
    Mechanical means upto 2.0m depth

    Excavation in soil/ Soft Murrum by


    4 3240 125 cum 405000 0.50% 202500
    Mechanical means upto 3.0m depth

    Excavation in soil/ Soft Murrum by


    5 3240 438 cum 1419120 0.50% 709560
    Mechanical means upto 4.0m depth

    Excavation in soil/ Soft Murrum by


    6 3240 575 cum 1863000 1.00% 1863000
    Mechanical means upto 5.0m depth
    Excavation in soil/ Soft Murrum by
    7 440 313 cum 137720 0.50% 68860
    Manual means upto 1.0m depth
    Excavation in soil/ Soft Murrum by
    8 440 338 cum 148720 0.50% 74360
    Manual means upto 2.0m depth
    9 Excavation in Rock 4.0m to 5.0m depth 25 2524 cum 63100 0.80% 50480
    Excavation in soil/ Soft Murrum by
    10 Mechanical means upto 5.0m to 6.0m 3240 731 cum 2368440 0.80% 1894752
    depth
    11 Excavation in Rock 5.0m to 6.0m depth 30 3149 cum 94470 1.00% 94470
    Excavation in soil/ Soft Murrum by
    12 Mechanical means upto 6.0m to 7.0m 3240 887 cum 2873880 1.00% 2873880
    depth
    13 Excavation in Rock 6.0m to 7.0m depth 35 3774 cum 132090 1.50% 198135
    Excavation in soil/ Soft Murrum by
    14 Mechanical means upto 7.0m to 8.0m 3240 866 cum 2805840 1.50% 4208760
    depth
    15 Excavation in Rock 7.0m to 8.0m depth 40 4399 cum 175960 1.50% 263940
    Excavation in soil/ Soft Murrum by
    16 Mechanical means upto 8.0m to 9.0m 3240 1022 cum 3311280 2.00% 6622560
    depth
    17 Excavation in Rock 8.0m to 9.0m depth 45 5024 cum 226080 2.50% 565200

    4
    5

    Excavation in soil/ Soft Murrum by


    18 Mechanical means upto 9.0m to 10.0m 900 1178 cum 1060200 2.50% 2650500
    depth
    19 Excavation in Rock 9.0m to 10.0m depth 15 5649 cum 84735 2.00% 169470
    Demolition of Stone or B. B. Masonry
    20 5 1334 cum 6670 2.00% 13340
    work in Excavation
    Demolition of Concrete work in
    21 5 563 cum 2815 2.00% 5630
    Excavation
    22 Demolition of RCC work in Excavation 5 938 cum 4690 2.50% 11725
    Total 17863190 22879072

    Total value of Percentage Rate Contract is Rs. 22,879,072/-.

    3. Cost Plus Percentage Contract: -


    Cost of the project = Rs. 17,863,190/-
    Percentage fees = 12%
    Contractor’s Profit = Rs. 17,863,190 X 12%
    Total Cost Plus Percentage Fees = Rs. 20,006,772.8/-

    4. Target Contract: -
    Under Over
    budget budget
    Estimated cost 17863190 17863190
    Actual cost 17000000 18500000
    Rate 13.00% 13.00%
    Difference 863190 -636810
    13% Cost 221000000 240500000
    Profit/ Loss incurred by
    431595 -318405
    each party
    Total profit/loss incurred
    221431595 240181595
    by both parties

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