Wednesday, January 12, 2011

THe purposes of SMM included

  • Permit greater standardization of BQ format - assit in pricing . 
  • Ensure a standard basis for contractor's to tender and a uniform basis for valuation and payment to the contractor . 
  • All tender submitted are strictly comparable and thus easy to justify best offer . 
  • Contractors are saved costly exercise . 
  • fair and convenient basis for valuing certified stage payment , variations and adjustments of final account . 
  • Data for cost analyses . 
  • Reduce variations and claims 
  • Ease management of contract finance . 

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