Which term means list of work and corresponding value in materials & labor including profit and overhead allowance?

Which term means list of work and corresponding value in materials & labor including profit and overhead allowance?

• A. Time Limits
• B. Schedule of Materials and Finishes
• C. Specifications
• D. Supplementary Specs

Answer: (B)

Think of a schedule that itemizes every part of the work and pairs it with a price, showing what will be spent on materials and labor and including an allowance for overhead and profit. That structured list is the schedule of materials and finishes. It ties each finish or material item to its value, which is essential for budgeting, ordering, and progress payments as the project progresses. The inclusion of both what is needed (the finishes and materials) and how much they cost (including labor and the contractor’s overhead and profit) makes this term the best fit for the description. Time limits are about deadlines for completing work. Specifications state the exact technical requirements and standards to meet. Supplementary specs are added or revised requirements that accompany the base specs.

Think of a schedule that itemizes every part of the work and pairs it with a price, showing what will be spent on materials and labor and including an allowance for overhead and profit. That structured list is the schedule of materials and finishes. It ties each finish or material item to its value, which is essential for budgeting, ordering, and progress payments as the project progresses. The inclusion of both what is needed (the finishes and materials) and how much they cost (including labor and the contractor’s overhead and profit) makes this term the best fit for the description.

Time limits are about deadlines for completing work. Specifications state the exact technical requirements and standards to meet. Supplementary specs are added or revised requirements that accompany the base specs.