An Analysis of the Influence of Rate of Variability for Tender Sum

Abstract:

A new concept has been put forward in the code of bills of quantities and valuation for construction works 2013, that is rate of variability for tender sum (RVFTS). This paper concentrates on the conception of the rate through the code and explores the application in combine with a practical project. Then a discussion about the influences of the bills of quantities (BQ) for tendering, the tender sum limit and the bid price is present. Finally, a conclusion can be extracted that the rate actually protects the employers benefit and makes the contractor in a disadvantageous position.

• Periodical: Applied Mechanics and Materials (Volumes 501-504)
• Pages: 2710-2714
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.501-504.2710
• Online since: January 2014
• Authors: Yong Gang Zhang*, Yong Hong Wang, Yuan Yuan Zhao
• Keywords: Bill of Quantities (BOQ), Influence, Project Management, Rate of Variability for Tender Sum (RVFTS)

References

[1] The Ministry of Housing and Urban-Rural Development of the People's Republic of China: GB50500-2008 code of bills of quantities and valuation for construction works. China Planning Press, Beijing (2008) in Chinese.

[2] The Ministry of Housing and Urban-Rural Development of the People's Republic of China: GB50500-2013 code of bills of quantities and valuation for construction works. China Planning Press, Beijing (2013) in Chinese.

[3] The drafting group of standards: A guidance book for the code of bills quantities and valuation for construction works 2013, China Planning Press, Beijing (2013) in Chinese.