LRS – Labour Cost vs Budget Method | PART-01| Client Bill vs Budget Analysis in Construction
Автор: From Site to Bill
Загружено: 2026-02-10
Просмотров: 35
Описание:
In this video, we explain LRS – Labour Cost vs Budget Method in construction projects.
This method helps Billing Engineers and Project Managers to:
✔ Compare Client Certified Quantity vs Budget Rate
✔ Control Labour Cost and Overheads
✔ Monitor Profit or Loss Position
✔ Track P&M and Departmental Labour Cost
We also cover:
• Client Bill Submission Data
• Labour Bill Submission Data
• Budget Rate Data
• Direct & Indirect Overheads
• Plant & Machinery (P&M) Cost
• Safety & Unskilled Labour Data
• Final LRS Profit / Loss Formula
This video is useful for:
Billing Engineers
Quantity Surveyors
Site Engineers
Civil Engineers
Construction Project Managers
If you are working in construction billing, this method is very important for cost control and project profitability.
#LRS #ConstructionBilling #BillingEngineer #CivilEngineer #QuantitySurveyor #ProjectCostControl #LabourCost #ConstructionManagement #RA_Bill #BudgetAnalysis
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