Formwork (plank) to sides of foundations & ground beams: cost per m² in Nigeria
Net unit rate in Abuja, excluding overheads, profit and VAT
₦7,457per m²
Tender rate about ₦9,954 per m² with overheads, contingency, profit and VAT.
Price a BoQ with this rateAs at 15 October 2026, the net unit rate for formwork (plank) to sides of foundations & ground beams is ₦7,457 per m² in Abuja: ₦3,757 materials, ₦3,701 labour and ₦0 plant. With overheads (7.5%), contingency (5%), profit (10%) and VAT (7.5%) the tender rate is about ₦9,954 per m².
Rate build-up (Abuja, Oct 2026)
| Resource type | Resource | Quantity per unit | Waste | Rate | Cost |
|---|---|---|---|---|---|
| Material | 1"x12"x12' plank (formwork) | 0.23 length | 10% | ₦6,500 | ₦1,645 |
| Material | 2"x3"x12' hardwood | 0.4 length | 10% | ₦3,500 | ₦1,540 |
| Material | Wire nails, assorted, per kg | 0.2 kg | 10% | ₦2,600 | ₦572 |
| Labour (hours) | Carpenter (formwork & roof) | 1 h | - | ₦2,784 | ₦2,784 |
| Labour (hours) | Unskilled labourer | 0.8 h | - | ₦1,146 | ₦917 |
| Materials | ₦3,757 | ||||
| Labour | ₦3,701 | ||||
| Plant | ₦0 | ||||
| Net unit rate per m² | ₦7,457 |
Rate by location
Materials, labour and plant are adjusted separately with Buildocrat's location factors.
| Location | Net rate per m² | Tender rate incl. OH&P and VAT |
|---|---|---|
| Abuja (FCT) | ₦7,457 | ₦9,954 |
| Lagos | ₦7,979 | ₦10,650 |
| Port Harcourt | ₦7,573 | ₦10,108 |
| Ibadan | ₦6,529 | ₦8,715 |
| Osogbo (Osun) | ₦6,382 | ₦8,518 |
| Kano | ₦6,269 | ₦8,368 |
| Kaduna | ₦6,418 | ₦8,566 |
| Enugu | ₦6,642 | ₦8,865 |
| Benin City | ₦6,754 | ₦9,014 |
| Uyo | ₦7,015 | ₦9,363 |
| Jos | ₦6,455 | ₦8,616 |
| Riverine / creek site | ₦8,954 | ₦11,952 |
Related concrete rates
- B01 Plain concrete 1:3:6 in blinding (site-mixed)₦98,716 per m³
- B02 Reinforced concrete 1:2:4 in foundations / bases / ground beams₦127,723 per m³
- B03 Reinforced concrete 1:2:4 in suspended slabs, beams & columns₦135,819 per m³
- B04 Reinforced concrete 1:1.5:3 (~C25) in suspended slabs & beams₦155,521 per m³
- B05 Ready-mix C25/30 placed by pump in suspended slab₦181,224 per m³
- B15 Ready-mix C30/37 placed by pump in columns & walls₦198,104 per m³
- B18 Ready-mix C35/45 placed by boom pump in raft/transfer slab₦204,739 per m³
- B06 High-yield reinforcement 12-16mm, cut, bent & fixed₦1,208,315 per tonne
- B11 High-yield reinforcement 20-25mm, cut, bent & fixed₦1,202,012 per tonne
- B12 Reinforcement 8-10mm links/stirrups, cut, bent & fixed₦1,306,845 per tonne
- B10 BRC mesh A142 in ground slab incl. laps₦5,113 per m²
- B08 Formwork (marine board) to soffit of suspended slab incl. propping n.e. 3.5m₦11,395 per m²
- B09 Formwork (marine board) to columns and beams₦11,003 per m²
- B13 Formwork (marine board) to walls₦10,639 per m²
- B14 Formwork to staircase soffits, strings & risers₦16,935 per m²
- B19 Formwork to slab using steel props (props hired)₦10,545 per m²
- B16 Power-floated finish to concrete slab₦377 per m²
- B17 Precast lintel 150x225x1500, supply and bed in mortar₦19,688 per unit
Frequently asked questions
How much does formwork (plank) to sides of foundations & ground beams cost per m² in Nigeria?
About ₦7,457 per m² net in Abuja as at 15 October 2026, or about ₦9,954 per m² as a tender rate including overheads, contingency, profit and VAT (Buildocrat Nigeria Construction Rate Book).
What is the rate in Lagos?
Applying Buildocrat's Lagos location factors, the net rate is about ₦7,979 per m² and the tender rate about ₦10,650 per m².
What does the rate include?
Materials (1"x12"x12' plank (formwork), 2"x3"x12' hardwood, Wire nails) with waste allowances; labour (Carpenter (formwork & roof), Unskilled labourer) at all-in rates including feeding, transport, idle time and statutory costs; and plant (no plant) including fuel and operator. Overheads, profit and VAT are excluded from the net rate.
How to cite: Buildocrat, Nigeria Construction Rate Book, https://rates.buildocrat.store/rates/b07-formwork-plank-to-sides-of-foundations-and-ground-beams/, prices as at 15 October 2026.