ABSTRACT

The Material Costs given are based at Second Quarter 2017 but exclude any charges in respect of Value Added Tax (VAT). These prices are intended to apply to new work in the London area. The prices are for reasonable quantities of work and the user should make suitable adjustments if the quantities are especially small or especially large. Adjustments may also be required for locality (e.g. outside London – refer to cost indices in approximate estimating section for details of adjustment factors) and for the market conditions (e.g. volume of work secured or being tendered) at the time of use. The labour rate basis has been added 12" plus 7" to cover site and head office overheads only (factory overhead is included in the material rate) and preliminary items together with 5" for profit, resulting in an inclusive rate of £30.23 per man hour.