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TRAINING

Tendering & Budgeting
  1. Structure :
    1. Critical Tender Conditions
    2. Projection of work execution quantity and Value
    3. Projection of Direct cost and Overhead
    4. Cost Control Strategies during the project
    5. Comparison between Project vs Actual for decision and planning
    6. Project Work completion within time frame

 

Indirect Taxation
  1. Works Contract / Deemed Sale / Def’n under VAT Act / Basic Concepts of Levy of Works Contract / Divisible & Indivisible Works Contracts
  2. The 3 Options namely Actual Deduction, Standard Deduction & Composition / Practical Illustrations for all the three options and the Best Option.
  3. Provisions of VAT Act. & Rules for Works Contract.
  4. Availability VAT Credit to both Contractor and the Contractee
  5. The provision of TDS / Transaction between Main & Sub Contractor / Implications of CST
  6. Service Tax / Categorisation of Services / Controversies involved with Works Contract / Exemptions available
  7. The billing, documentation aspects / Basics of Cenvat Credit / Strategies by the Contractors / Certain Specific Contracts and calculations of VAT ( WC ) and Service Tax
  8. Other Taxes like Excise, Construction Cess, Basics on Labour Laws
  9. Basic aspects ofMulti State VAT / Service Tax
    1. Optimisation of Indirect Taxes to reduce Project Cost
    2. Planning High Seas / Sale in Course of Import / Inter-State Sales
    3. Entry Tax & Interstate goods movement
    4. Forms – C / F / E1
    5. WCT certificate (TDS)
  10. Implications of Free Issue Material and Taxation
  11. Practical Case Studies
  12. Evaluation

 

Internal Control
  1. Engineering
    1. Basic Information about site / Work order & Registration numbers
    2. Study of Work Order Terms & Condition & Work Location
    3. Kick off Meeting
    4. Mobilization (Resources – Labour / Staff / Equipment / Vehicle / Fund)
    5. Availability of Drawings, Front for work
    6. Monitoring the performance of Project Manager Appointed by Contractor
    7. Rework Related Controls
    8. Work Planning – Daily / Weekly / Monthly
    9. Pre planning for FIM / Own Material
    10. Joint Measurement – Work completion and Extra work
    11. Contactor billing and certification
    12. Back to Back contracting
    13. Reconciliation - FIM
  2. Human Resources
    1. Contracted Labour
      1. Labour License
      2. WC Policy
      3. Statutory obligations of Principal Employer
      4. Workers’ Cess
      5. Master form – Sub Contractor
      6. Over time
      7. Daily report & Control – Labour
      8. Gate Pass (GP) / Entry Card
      9. Records for PF and Liability payment
      10. Labour colony / Water & Power supply
    2. Administration
      1. Vehicle report
      2. Equipment report
      3. Control when more than one contractors are working in same location
      4. Track of resources issued to the Contractor
  3. Store
    1. Control over Free Issue Material
    2. Material Inward controls – FIM / Purchases / Inter site with data entry in manual register or computer system.
    3. Material Outward Controls – Cement / Steel / RMC
    4. Material requisition Note (MRN) to Procurement department or HO with PM sign
    5. Scrap Control
    6. Fuel Consumption
    7. Take Physical stock on Daily / Weekly / Monthly
    8. Report on debitable or recoverable items to Accounts with PM sign
  4. Quality and Safety
    1. RMC Cube test register / Report / Client sign
    2. Certificate for Equipments from approved agency
    3. Vehicle - Driving test / Speed limit / Eye Sight / PUC certificate / Safety Belt / Insurance papers / RC book
    4. Supervision of Staff & Labour - Safety full body belt above 2mtr height / Safety Helmet, Safety Shoes, Cotton Hand Gloves, Safety Goggles, Nose mask / Ear plug / Caution Patty or Barrier around risk area
    5. Accident register for cause of accident and improvement steps

 

Procurement
  1. Vetting the Contracting Agency
  2. Purchase – Goods & Others
    1. Purchase Policy
    2. Purchase Procedure
    3. Material Scheduling – Indenting – Vendor Selection – Comparison
    4. Purchase Cost Reduction
    5. Placement – Inspection – Damage
    6. Bulk Material Procurement – Cement and Steel
  3. Equipments
    1. Equipment History
    2. Hire vs Buy
    3. Hired Equipment Controls
    4. Scaffolding Related Issues
  4. Services
  5. Equipment Procurement and Hiring Controls

 

Completion of Project
  1. Work completion certificate
  2. Invoking the LD Clause Time claims by contractor analysis & verification
  3. Cost claims by controller analysis & verification
  4. Project Completion:
    1. Final Bill preparation and Certification
    2. Final Material Reconciliation – FIM & Raw
    3. Fulfillment of client work completion procedure
    4. Status clearance of Receivable & Liability
    5. Statutory Compliance by agency
    6. Possible reasons for delayed in submission of Final bill
    7. Site Demobilisation
    8. Release of Retention Monies

 

Draft Contract
  • A construction Contracts is a contract specifically negotiated for the construction that are closely independent in terms of their design, technology and function. The primary issue in accounting for construction contracts is the allocation of contract revenue and contract costs to the accounting periods in which construction work is performed.
  • The learning objectives of this seminar is to cover all the aspects which related to Construction Contracts i.e from Signing of Contracts to the closure. This seminar intends to cover the contracting from Legal, Work Progress, Taxation, Risk, Insurance and Financial Aspects.
  • Agenda of Seminar :
    Civil Construction Agreement and the various Terms & Conditions of Contracts
    Session 1:
    • Work Order Value
    • Free Issue Material
    • Work Completion Period
    • Material Specification
    • Bill of Quantity
    Session 2:
    • RA Billing, Payment Terms & Conditions - Formats / Supporting Documents / Approval, etc.
    • Extra Items
    • Amendment in Scope of Work
    Session 3:
    • Arbitration Clause
    • Liquidity Damages Clause
    • Final Bill & Demobilization
    Session 4:
    • Insurance & Risk Management
    • Taxation
    • Statutory Compliances
    • Labour Laws

 

Costing & Estimation
  1. Module 1 - Basics
    1. Why Costing / Estimation and Budgeting is critical for the Construction Sector
    2. Who should be involved in the process
    3. Methodologies
    4. WBS
    5. Ascertaining the Quantities and the Unit Costs
    6. Understanding the drawings
    7. Specifications and Measurements
  2. Module 2 - Estimating Civil Projects – Residential/Commercial/Mix use
    1. RA of Earth Work, Concrete, Reinforcement, Shuttering, Masonry, Finishing Items
    2. Budget – Hard cost – Soft Cost
    3. Budget – Client Vs Contractor
    4. ABC – Activity based costing
  3. Module 3 - Cost Elements
    1. Manpower
    2. Material
    3. Machinery
    4. Money
    5. Design/ Concept change
    6. Re work / Change order
    7. Substandard quality
  4. Module 4 - Other Issues
    1. Extra Items
    2. Contracts
    3. Escalation

 

RERA
  • Definition and Scope of RERA
  • Licensing Formalities
  • Right and Duties of Builders, Developers and Brokers
  • Liabilities, Penalties, Prosecutions and Appeals
  • Accountability and Transparency in Real Estate and Housing Transaction
  • Reporting, Compliances & Permissions
  • Discussion on the Proposed Rule framework

 

Basic Course on GST (5 Days)
Each Day 2 Hour Session
Day-1

Basic Concepts of GST:

  1. Dual Model of GST [CGST, SGST & IGST]
  2. Concept of Destination based value added consumption tax
  3. Taxes to be subsumed and those not subsumed
  4. Taxable event in GST Regime (vs.) Existing Regime
  5. Enabling Constitutional Amendments
  6. GST Council and its role
  7. Applicability of GST - (Section 8)
  8. Important definitions and concepts:
    1. Goods
    2. Service
    3. Business
  9. Taxable Person including definition - (Section 10)
  10. Other relevant and incidental definitions
Day-2
  1. Charging Provisions of CGST/SGST/ IGST and Schedule I, II, and IV to GST Act
  2. Levy, meaning & scope of supply including-
    1. Branch transfers
    2. Consignment sale
    3. Goods sent on approval
    4. Goods sent to job work
    5. Distribution of samples
    6. Other such supplies
      1. Composition Levy
      2. Exemption
      3. Remission of tax
  3. Related transitional Provisions
Day-3
  1. Time of Supply of Goods & Services
  2. Value of Taxable Supply - (Section 15 of GST Act)
    1. GST Valuation Rules
    2. Job Work related provisions
  3. Related transitional provisions – Section 168, 169, 170, 171 of GST Act and Section 31 of IGST Act
Day-4
  1. Definition of Inter and Intra State Supply
  2. Principles of Determining Supply in the course of Inter-State Trade or Commerce
  3. Place of Supply of Goods & Services – Import & Export
  4. E Commerce and Aggregator related provisions
  5. Related Transitional Provisions – Section 165, 166 of GST Act
Day-5
  1. Input Tax Credit
  2. Input Service Distributor
  3. Transfer of Input Tax Credit
  4. Related Transitional Provisions
  5. Registration, Returns & Documentation
  6. Refund

 

What will you gain after attending training?

 

Commercial Aspects of Civil Construction

  • Tendering & Budgeting
  • Tax Aspects
  • Functional Controls
  • MIS Systems
  • Project Completion

Materials Management

  • Supplier Registration & Grading
  • Cross comparison against estimate before approval
  • Floating enquiry, receiving quotations & generate comparative statement
  • Generate Purchase Orders & Transport Orders with all taxation
  • Generating Goods Receipt Notes (GRN’s) from site (Via internet)
  • Checking & passing material & transport bills
  • Automatic effects to accounts
  • Generation of Issue Slip from site (via internet)
  • Stores & inventory management – tracking all GRN’s & Issues
  • Stock reconciliation
  • Inventory Control using FIFO, LIFO, FEFO etc. …
IFRS and Indian GAAP requirements for the construction sector
ISO Implementation and guidance
Designing Internal Controls & MIS for the construction sites
Role of HR at the construction site
Effective Stores Management for construction sites

 

Indirect Tax Aspects of Works Contracts

  • Def’n of Works Contract
  • Splitting the W.O Items
  • Basic Aspects under VAT & Service Tax
  • Departmental Assessments

Service Tax/VAT

  • Basic Aspects
  • Applicable chapters
  • Tax Payment Options
  • Exemptions
  • Input Credit

Who should Attend

  • Project Managers
  • Owners of SME
  • Accounts Team
  • Tax Compliance Team
  • Commercial Dept Personnel
  • HR Personnel
  • Stores Personnel

 

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Address

Address:
304, Super Plaza, Sandesh Press Road, Vastrapur, Ahmedabad
Gujarat-380054
Tel:
+91 - 079 - 40032950
E-Mail:
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Website:
www.consultconstruction.com

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Who we are

We are Ahmedabad based professional consulting firm. We are providing various services to Construction, Real Estate and Project Companies in various areas like Indirect Taxation – Service Tax & Multi state VAT consultancy, ERP implementation, Site & Management audit, Designing Tender & other related contractual documents etc.