How much wastage is considered while providing the advance for base rate items like steel etc ? Or we don’t consider ? Your thoughts on this please ?

Question

Accepted Answer

Wastage should be considered while providing advance for base rate items like steel to account for potential losses during the procurement process.

It is important to consider a certain percentage of wastage when providing advance for base rate items like steel to ensure that enough material is available for the project.
The amount of wastage to consider can vary depending on the type of material and the specific project requirements.
For example, in construction projects, it is common to account for around 5-10% wastage for materials like steel due to cutting and fitting requirements.
Not considering wastage can lead to delays and additional costs if more material is needed than originally estimated.

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