1 General Provisions
1.0.1 To regulate the costing and valuation activities for construction engineering and to unify the compilation principles and valuation methods of construction engineering valuation document, this code is prepared according to legislations such as Construction Law of the People's Republic of China, Contract Law of the People's Republic of China and The Bidding Law of the People's Republic of China.
1.0.2 This code is applicable to the construction engineering valuation activities at employment and execution stages.
1.0.3 The construction cost of construction engineering at employment and execution stages shall be composed of the costs of work sections and trades, preliminaries, other sections, statutory fees and taxes.
1.0.4 The compilation and review of construction cost documents, e.g. bills of quantities for tendering, tender sum limit, tendering, measurement, contract sum adjustment, contract sum settlement and payment, construction cost verification, shall be undertaken by the construction cost personnel of professional qualification.
1.0.5 The construction cost personnel undertaking the compilation and review of construction cost documents and the organization where the personnel are employed shall be responsible for the quality of the construction cost documents.
1.0.6 The valuation activities of construction engineering at employment and execution stages shall comply with objective, impartial and fair principles.
1.0.7 The valuation activities of construction engineering at employment and execution stages shall comply with not only this code but also the current relevant national standards.
2 Terms
2.0.1 Bills of quantities (BQ)
A breakdown specifying the names and corresponding quantities of work sections and trades, preliminaries and other sections, and statutory fees and taxes of construction work.
2.0.2 BQ for tendering
The bills of quantities, including the description and forms, issued in company with tendering document by Tenderee according to national standards, tendering document, design documents and the actual conditions at construction site.
2.0.3 Priced BQ
The bills of quantities, including the description and forms, in which the prices indicated in the tender document, as an integral part of contract, are arithmetically corrected (if applicable) and confirmed by the Contractor.
2.0.4 Work sections and trades
A sectional work or unit work is composed of and classified into work sections by structure position, section length and construction characteristics or construction task; a work section is composed of work trades and is classified into trades or items by construction method, material, procedure and section length.
2.0.5 Preliminaries
Items, e.g. technical, living, safety and environmental, that are carried out during the construction preparation and construction to complete the work construction.
2.0.6 Item code
The Arabic numeral identification of the BQ name of work section and trade
2.0.7 Item description
The essential characteristics that form the intrinsic value of work sections and trades, and preliminaries.
2.0.8 All-in unit rate
The costs of the labor, material and engineering facility, use of construction tools, enterprise administration, profit and limited risk that required for completing a specified BQ item.
2.0.9 Risk allowance
The cost incurred to solve the risks of the Employer and Contractor in the market fluctuation within the contents and scope agreed in construction contract and incorporated into the all-in unit rate of priced BQ
1 General Provisions
2 Terms
3 General Requirement
3.1 Pricing
3.2 Materials, Plant and Equipment Supplied by Employer
3.3 Materials, Plant and Equipment Supplied by Contractor
3.4 Pricing Risk
4 Preparation of Bills of Quantities
4.1 General Requirement
4.2 Work Sections and Trades
4.3 Preliminaries
4.4 Other Sections
4.5 Statutory Fee
4.6 Tax
5 Tender Sum Limit
5.1 General Requirement
5.2 Compilation and Review
5.3 Complaint
6 Tendering
6.1 General Requirement
6.2 Compilation and Review
7 Contract Sum
7.1 General Requirement
7.2 Terms of Agreement
8 Measurement
8.1 General Requirement
8.2 Measurement of Unit Price Contract
8.3 Measurement of Lump Sum Contract
9 Contract Sum Adjustment
9.1 General Requirement
9.2 Change in Laws and Regulations
9.3 Variation Order
9.4 Discrepancies in Item Description
9.5 Missing Item
9.6 Discrepancy in BQ Quantity
9.7 Dayworks
9.8 Fluctuation in Material Price
9.9 Prime Cost Sum
9.10 Force Majeure
9.11 Early Completion (Acceleration Reimbursement)
9.12 Delay Damages
9.13 Claim
9.14 Site Instruction
9.15 Provisional Sum
10 Interim Payment
10.1 Advanced Payment
10.2 Health, Safety and Environmental Provisions
10.3 Progress Payment
11 Final Account and Payment
11.1 General Requirement
11.2 Compilation and Review
11.3 Final Account at Completion
11.4 Final Payment
11.5 Retention
11.6 Settlement
12 Termination of Contract and Payment
13 Dispute Resolution
13.1 By Supervising Engineer or Cost Engineer
13.2 By Authorities Decision
13.3 By Negotiation
13.4 By Mediation
13.5 By Arbitration, Litigation
14 Construction Cost Verification
14.1 General Requirement
14.2 Evidence
14.3 Verification
15 Valuation Record and Filing
15.1 Valuation Record
15.2 Valuation File
16 Pricing Manipulation Form
Appendix A Materials Fluctuation Contract Sum Adjustment
A.1 Adjustment by Price Index
A.2 Adjustment by Guidance Cost Information
Appendix B Schedule Cover Page
B.1 Bills of Quantities for Tendering
B.2 Tender Sum Limit
B.3 Tendering Sum
B.4 Final Account
B.5 Cost Verification Report
Appendix C Signing Page
C.1 Bills of Quantities for Tendering
C.2 Tender Sum Limit
C.3 Tendering Sum
C.4 Final Account
C.5 Cost Verification Report
Appendix D Cost Manipulation General Notes
Appendix E Cost Manipulation Summary Schedules
E.1 Construction Cost Tender Sum Limit/Tendering Sum
E.2 Sectional Works Tender Sum Limit/Tendering Sum
E.3 Unit Works Tender Sum Limit/Tendering Sum
E.4 Construction Final Account Summary
E.5 Sectional Works Final Account Summary
E.6 Unit Works Final Account Summary
Appendix F Preliminaries, Work Sections and Trades Summary Schedules
F.1 Preliminaries, Work Sections and BQ
F.2 All-in Unit Rate Breakdown
F.3 All-in Unit Rate Adjustment
F.4 Preliminaries Breakdown for Lump Sum Contract
Appendix G Breakdown Schedules for Other Items
G.1 BQ for Other Items and Pricing Summary
G.2 Provisional Sum Schedule
G.3 Adjustment Summary of Prime Cost for Materials (Plant)
G.4 Specialist Works Prime Cost Sum and Final Account Schedule
G.5 Dayworks Schedule
G.6 Main Contractor's Attendance Fee Schedule
G.7 Claim and Site Instruction Valuation Summary
G.8 Monetary Claim Application (Approval) Form
G.9 Site Instruction Form
Appendix H Statutory Fee, Tax Breakdown Schedules
Appendix J Measurement Application (Approval) Form
Appendix K Payment Application (Approval) Form
K.1 Pre-payment Application (Approval) Form
K.2 Progress Payment Schedule for Lump Sum Contract
K.3 Interim Payment Application (Approval) Form
K.4 Final Account Payment Application (Approval) Form
K.5 Settlement Payment Application (Approval) Form
Appendix L List of Major Materials, Plant and Equipment
L.1 List of Materials, Plant and Equipment Supplied by Employer
L.2 List of Materials, Plant and Equipment Supplied by Contractor (Applicable to Price Difference Adjustment)
L.3 List of Materials, Plant and Equipment Supplied by Contractor (Applicable to Guidance Cost Index Adjustment)
Explanation of Wording in This Code
