In its most simple form, a _______________ can be a list in a contract setting out the staff, labour and plant hire rates the contractor will use for pricing cost reimbursable instructed daywork.(a) list(b) plan(c) scheme(d) schedule of ratesThis question was posed to me in semester exam.This intriguing question originated from Schedule of Rates for Different Used Material topic in chapter Schedule of Rates Metric and F.B of Civil Engineering Drawing

In its most simple form, a _______________ can be a list in a contract

1.	In its most simple form, a _______________ can be a list in a contract setting out the staff, labour and plant hire rates the contractor will use for pricing cost reimbursable instructed daywork.(a) list(b) plan(c) scheme(d) schedule of ratesThis question was posed to me in semester exam.This intriguing question originated from Schedule of Rates for Different Used Material topic in chapter Schedule of Rates Metric and F.B of Civil Engineering Drawing
Answer» The correct OPTION is (a) list Explanation: HOWEVER, on a much larger scale, a ‘schedule of rates term contract’, ‘term contract’ or ‘MEASURED term contract’ may be used when the nature of work required is known but it cannot be quantified, or if continuity of PROGRAMME cannot be determined. In the absence of an estimate, tenderers quote unit rates against a document that is INTENDED to cover all likely activities that might form part of the works.

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