What is the main purpose of rate analysis for a construction item?
Correct answer: D. To determine the unit cost from resources and related charges
- A. To record changes made after project completion
- B. To establish the legal ownership of the project site
- C. To decide the sequence of structural inspections
- D. To determine the unit cost from resources and related charges
Explanation
Rate analysis builds a unit rate from materials, labour, equipment, overheads, and applicable profit. Site ownership, inspection sequencing, and completion changes are not the purpose of unit rate calculation.
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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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