Measure and value contracts

• Contracts include those based on shcedule of rates , approximate quantities and bills of quantities . 
• The great merit is the pre-determine nature of the mechanism for financial contraol provided by the pre-contract agreed rates . 
• The risk of making a profit or loss is with the contractor . 
• Suitable of rubilding work where ther is a high degree of standardization of construction . 
• It is more effective costs control , faster and more economical planning and execution of projects . 
• The most usual designa dn construction relationship .