Question 1
(a) Explain the following terms in relation to a bill of quantities:
(i) quantities;
(ii) description;
(iii) rate;
(iv) amount.
(b) Write the following abbreviations used in bookkeeping in full:
(i) COD;
(ii) CWO
(c) What is specification? .
Observation
Some candidates were able to:
- Write the following abbreviations used in bookkeeping in full:
(i) COD;
(ii) CWO
- State two merits of bookkeeping to a business organization
However, some candidates were unable to:
- Explain the following terms in relation to a bill of quantities:
(i) quantities;
(ii) description;
(iii) rate;
(iv) amount;
- Explain what is specification.
The required responses to question 1 (a)is given below.
- (a) EXPLANATION OF THE TERMS IN RELATON TO BILL OF QUANTITIES
(i) Quantities: the number of items to be used OR
a comprehensive list of materials required to carry out a piece of work.
(ii) Description: is the types of materials stated in the quotation/estimate OR
a comprehensive description of the materials in a bill.
(iii) Rate: the unit price of each of the items.
(iv) Amount: is the total quantities multiplied by the unit pr