Rate Analysis of Plastering work

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In this video we are going to study definition of rate analysis purposes of rate analysis different factors affecting on rate analysis and task or out turn with example
The basis of arriving at a correct and reasonable rate per unit work or supply, for a particular item following its specification and detailed survey of materials, labours, equipments etc. as required for the unit work and their prevailing rates may be called as an analysis of rate.
Definition
In order to determine the rate of a particular item, the factors affecting the rate of that item are studied carefully and then finally a rate is decided for that item. This process of determining the rates of an item is termed as analysis of rates or rate analysis.
To determine the current rate per unit of an item at the locality
To examine the viability of rates offered by contractors
(c) To calculate the quantity of materials and labour strength required for project planning
(d) To fix up labour contract rates
(e) To revise the schedule of rates due to increase in the cost of material and labor or due to change in technique