How to perform rate analysis?
Eg: One project has a no of activities. Among one is brick work.
To derive cost for brick work ; Qty X Rate = Amount
Rate analysis (Rate) will be calculated as composition of
Labour, sand , cement, brick etc...
So,
Rate for brickwork = Labour perportion X rate/unit + Sand perportion X rate/unit + cement perportion X rate/ unit.......... + other cost (lumpsum)
Please guide on the present scenerio.
Thanks in advance.