MAL Full Form
What is the Full Form of MAL?
MAL or Material Allowance List refers to a particular amount we include while preparing a contract for an item. MLA has money to cover the materials cost and their respective tax amounts. Labor charges, overhead expenses, and profit are not included. The contractor usually prepares this allowance list to represent his/hers material cost for a particular item. The list should be prepared in detail, describing the material cost of each construction area. For example, if you are working on flooring works, the charge of working on a square yard, along with the total square yards to be worked on, will help the consumers understand better.
Installed Allowance
At certain times this allowance list includes costs to cover the material and labor to install the material. Thus it is called installed allowance. The owner's tax amount, overhead expenses, and profit are not included in this case. The supervisors must maintain the procedure defined in their work, and no changes occur during the process.
Frequently Asked Questions (FAQs)
MAL and its cost should be decreased as much as possible during construction. This encourages the client to make a favorable decision to support this budget.
During the preparation of MAL the amount depends entirely on the owner's selection, along with a third party's actual charges to the contractor.
When the number of items exceeds MAL, this can be added as a series of progress payments or a single final payment.
To present an efficient MAL, we should try educating the client about the materials required for a detailed description of their work.
MAL, when correctly prepared, helps to manage selections of items that have yet to be purchased on time. Work estimation occurs efficiently.