In a unit rate estimate, which combination most appropriately forms the basic rate of a construction item?
Correct answer: D. Materials, labour, equipment, overheads, and profit
- A. Only wages paid to skilled workers
- B. Land value, taxes, rent, interest, and depreciation
- C. Only materials delivered to the site
- D. Materials, labour, equipment, overheads, and profit
Explanation
A complete unit rate commonly includes material, labour, equipment or tools, applicable overheads, and contractor profit. The exact inclusions depend on the method of rate analysis and contract requirements.
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About Construction Management and Estimation
Construction management covers planning, scheduling, resource control, contracts, procurement, site organisation, safety, quality assurance and project documentation. Estimation includes quantity take-off, rate analysis, bill preparation, valuation and cost control, with attention to the difference between direct and indirect costs and between an estimate, a tender and a final account.
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