The construction industry is a delivery based Industry. The construction industry in India is not yet completely organised. These service providers have unique challenges faced by the industry and also the risks are unique in nature. This section is inten ...
Specific issues faced in EPC Contracts other than those faced in construction contracts
1. Engineering: As far as engineering role is concerned, tender is the first document to be properly studied and analysed so that the project revenue is structured so as to match the cash outflows involved in executing the project. 1.1. Study of Tend ...
Internal control at constuction site – Civil Engineering
1. Engineering: As far as engineering role is concerned, tender is the first document to be properly studied and analysed so that the project revenue is structured so as to match the cash outflows involved in executing the project. 1.1. Study of Tend ...
Sub Contractor Work Order:
Sub Contractor Work Order: Sub Contractor work orders are very crucial to keep the overall cost in control at a construction site. They should be prepared before commencement of work by the sub-contractor. From control perspective, Item codes and langua ...
Stores Controls at the Construction Site
INDEX OF POINTS COVERED 1. STORES: 1.1. Stores – Physical Controls 1.2. Material Inward verification & Posting 1.3. Material Issue/Outward & Posting 1.4. Physical Stock Verification 1.5. Control over Fuel Consumption 1.6. Raw Ma ...