audit of Road contractor????
This query is : Resolved
28 August 2010
can anyone tell me good audit procesure n some imp. auditing aspects & areas where i need to give more attation for audit of an raod contractor.
regards
lokesh jain
thnx in advance
regards
lokesh jain
thnx in advance
28 August 2010
Road construction maximum is the Govt Projects. You need to check the
1.Contract term & conditions
2.Contract price
3. Contract time duration
4. Govt, Projects if not finished with in the time limit there will a clause called Liqudity dameges ( Penalty )
5. Work has been done as per the drawings and instruction of the Contract term
6. The work have been properly cerfified by the Govt.Engineer
7. Materials purchase as per the norms of contract
8. Contractors Agreement as per the Standards by the Govt
9. Verification Running RA bills with the quantity certified by the engineer
10 Some time the payment have been released by Govt partly ,balance is considered as retention money it will be released after the period specifed in the Contract, whether that money have been followed and collected
1.Contract term & conditions
2.Contract price
3. Contract time duration
4. Govt, Projects if not finished with in the time limit there will a clause called Liqudity dameges ( Penalty )
5. Work has been done as per the drawings and instruction of the Contract term
6. The work have been properly cerfified by the Govt.Engineer
7. Materials purchase as per the norms of contract
8. Contractors Agreement as per the Standards by the Govt
9. Verification Running RA bills with the quantity certified by the engineer
10 Some time the payment have been released by Govt partly ,balance is considered as retention money it will be released after the period specifed in the Contract, whether that money have been followed and collected
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