Financial summary and NBS Chorus small works

When specifying on small works projects where the contract does not support the use of bills of quantities then it can be useful to create a financial summary based on the content of the specification (see article on our website for further reading).

This financial summary can be used for a number of purposes.

  • Prior to tender – to break down any cost estimate to the client
  • Prior to construction – to compare tenders
  • Prior to completion – to assess valuations and as a base of agreeing the price of any variations
Figure one shows how to generate a Financial Summary from NBS Chorus:
(Click the images below for larger versions)

Figure 1 – Generating a Financial Summary from NBS Chorus 

In Figure 2 below, it can be seen that each section in the specification is listed as a row in the exported spreadsheet. The total value at the base of the spreadsheet automatically adds the values of each row.

Figure 2 – The Financial Summary
A second worksheet is also produced with a list of all clauses in the…

Read more