Imagine you're building a Lego castle. Instead of buying a mystery box of bricks, you get a detailed list: "10 red bricks at £0.10 each," "5 windows at £0.50 each," and so on. That's essentially what a Schedule of Rates is - a comprehensive list detailing the rates we charge for the different aspects such as materials or services involved in a construction project.

In construction, a SoR is a standardised document that outlines the prices for things such as labour, materials, and equipment. It's like a menu at your favourite restaurant - clear, flexible, and tailored to your needs.

A bit like the Bermuda triangle a project budget will always be a thing of mystery – after all, how do you control time, quality and money!? Surely only Dr Who can control time?! The simple answer is that you cannot control and prioritise all three aspects of a project – even for the best Project Manager, it is impossible.