What is Rate Analysis ?
Rate analysis process of arriving rate of any item by adding rate of material, rate of manpower and minor factors affecting rate analysis. Rate analysis process is the scientific method which involves certain practical aspects also. This can give clear cut idea of item rate. Electrical charges, water charges, contingencies, scaffolding charges, contractor profit, lead lift of material, Labour Hutments, storage of material, distribution of power and water etc are some of the factors which can affect the rate which shall be the part of rate analysis
Factors affecting Rate Analysis are :
1. Materials required for Rate Analysis, 2. Item Specification, 3. Labour, 4. Tools and Plants, 5. Contractor’s Profit, 6. location of the Work, 7. Overhead Charges, and many more.