Professional Documents
Culture Documents
1
1. Give an explanation of the difference between a contract and a construction
contract.
Bill of materials differs with Bill of quantities in the sense that Bill of
Materials refers to the list of raw materials, sub-assemblies, intermediate
assemblies, subcomponents, and pieces as well as the quantities of each that
are required to create a product while Bill of Quantities, on the other hand, is
the document used in construction tenders in which the total number of
materials, components, and labor along with their costs are listed. It provides a
clear outline for suppliers and tenders about the work to completed and helps
the project owners control the cost, cash flow forecast and likewise helps in
creating the schedule of payment.