Market prices
What every construction price reference should record
A reliable price reference records the item description, specification, unit, currency, tax basis, supplier or source, location, date, availability, commercial basis, and intended project use. Without those fields, the number is difficult to verify or update.
Geographic scope: Construction estimates and cost plans in Zambia
Identity fields
- Clear item or resource description
- Specification, size, grade, or role
- Pricing unit and currency
- Supplier or benchmark source
Context fields
- Region and supplier location
- Project location context
- VAT and discount basis
- Stock or resource availability
- Observation or quotation date
Decision fields
- Chosen rate and reason
- Transport and handling allowance
- Wastage or productivity assumption
- Escalation or risk allowance
- Reviewer and review date
Use the checklist during updates
When a rate changes, update its context rather than replacing only the number. This preserves the evidence trail and shows whether the movement came from the market, specification, quantity, location, or commercial basis.
Method and limitations
Checklist derived from Quotify's material, supplier, labour, equipment, and cost-context data fields.