Rate analysis is a process of deriving rate of unit item from the cost of its _____________
Material Cost
Equipment Cost
Labour Cost
All of the above
Answer
Which of the following cost is not included in Rate Analysis of an item _____________
Petrol, Oil & Lubricant Cost
Contractor’s Profit
Land Cost
Overhead Cost
Usually contractor’s profit is taken ________ % for rate analysis of an item.
10
15
8
20
Water charges are usually taken as ________ % for rate analysis of an item.
3
1
1.5
5
Purpose of rate analysis is to ______________
To determine current rate of an item
To market value of an item
To know the quantities of materials required
To know the types of labour required