Bill of Quantity Rates Extraction

Extract and analyse rates from tender documents and historical data.

The challenge

Is your benchmarking database falling behind the business?

Accurate tender evaluation depends on reliable benchmark rates - by construction type, asset category, and region. But building and maintaining that database is relentlessly resource-intensive. Your QS team manually extracts rates from every bill of quantities, while the backlog grows faster than you can process it. The business needs near real-time benchmarking insight; you're struggling to keep historic data current.

10-25%

potential reduction in infrastructure project outturn costs achievable through better benchmarking, procurement and cost management

National Infrastructure Commission 2024

£3bn+

annual savings achieved through improved cost benchmarking and procurement practices in UK infrastructure

Infrastructure UK / IPA
How we solve it

From BQ backlog to real-time benchmarking intelligence

1

Automated Rate Extraction

Screen bills of quantities and extract rate information automatically. Capture item descriptions, quantities, unit rates, and totals into a standardised tabular format you define - eliminating manual data entry from PDF and spreadsheet sources.

2

Taxonomy Alignment

Classify extracted rates against your preferred cost classification - NRM, CESMM, or custom taxonomies. Ensure consistency across BQs from different suppliers and projects, enabling like-for-like comparison regardless of how items were originally described.

3

Duplicate Detection & Quality Control

Identify and flag duplicate entries, outliers, and anomalies before they contaminate your benchmark dataset. Build confidence that your rate database is reliable and searchable, not cluttered with redundant or erroneous data.

4

High-Volume Processing

Clear your BQ backlog and keep pace with incoming documents. Process hundreds of bills of quantities in the time it would take to manually extract rates from a handful - transforming benchmarking from a bottleneck into a competitive advantage.

The impact

What this achieves

When rate extraction keeps pace with the business, your QS team shifts from data entry to value-adding analysis and advisory. Evaluate tenders against current, comprehensive benchmarks. Respond to regional expansion with confidence in local rate intelligence. And if your database becomes comprehensive enough, benchmarking itself becomes a service you can offer - turning a cost centre into a revenue stream.

15files
×
1800mins
×
£35/hr

Manual effort saved

450hrs

Manual cost saved

£15.75k

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