ABSTRACT
Obtained by comparing plant requirements as on programme with the plant time included in the build up of bill rates
Note: For all items of plant listed above the cost of drivers and other attendants must be allowed for together with consumables and other operating costs
INSURANCES AND BOND
Contractors are legally required to insure against liability which may be incurred when employees are injured at work and when individuals are injured by owners' vehicles. There is also a statutory requirement for certain types of machinery to be inspected at regular intervals. In addition to legal requirements, companies insure against possible loss due to fire, explosion, fraud, liability incurred as a result of damage to the property of others and through serious injury to individuals.
