The Target Cost Of The Bill Of Quantities Applied Research

With the development of construction market, the carrying out of bidding and contracting institution, and our country joining the WTO to meet international practices, the construction cost valuation keeps being reformed constantly. The valuation mode of bill of quantities is the mode which is in conformity with market economy, allowing contractor unit to offer price independently, determining price through market competition, and integrated into international practices.This article points out the conception of the Target Cost of Items of Bill of Quantities (TCIBQs), which is defined as: according to the constructive technique, management capability and the requirements of the bidding document, the cost of labor, material, machine and management predicted by contractor to complete the Bill of Quantities.With the comparison between the traditional mode of rating valuation and the valuation mode of bill of quantities, and the analysis of their differences based on the four main segments of cost control, it draws the conclusion that the main difference in cost control of these two modes lies in their different standard criterions of cost control. It also points out that using the TCIBQs as the standard criterions of cost control can make the work of cost planning efficiently, can make the work of cost controlling during construction easily, and is helpful to establish the Management Information System of Construction Cost Valuation.As a result of the valuation mode of bill of quantities, making use of TCIBQs must understand the relationship between the valuation mode of bill of quantities and construction bidding, contract management, and cost controlling as well, and know about the effects of bidding strategies and skills when the TCIBQs convert to the bidding price. It points out that the TCIBQs is made out during the calculation of bidding price, which doesn't need extra resources.This article makes an elaboration of the TCIBQs procedures and files needed, and set an example to demonstrate how the TCIBQs are drawn up. Finally, from the...