Explain analysis of rates
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The process of determination of cost for a particular item of work such as quantities of material and its cost, labour cost, cost of equipment or tools and plant, overhead expenses including incidental, contractor’s profit and other miscellaneous petty expenses required for the completion of the worRead more
The process of determination of cost for a particular item of work such as quantities of material and its cost, labour cost, cost of equipment or tools and plant, overhead expenses including incidental, contractor’s profit and other miscellaneous petty expenses required for the completion of the work is termed as the analysis of rates.
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