CONSTRUCTION INDUSTRY
This query is : Resolved
25 June 2011
WHT R THE MATERIALS REQUIRED TO BE STUDIED WHILE DOING THE AUDIT OF CONSTRUCTION INDUSTRY
25 June 2011
No Materials are required for the study of construction industry let the materials be used by the construction industry to construct the houses.
In your case the following are essential
1)Title of the Land
2) Title Deeds of the property on which construction is being carried out.
3) Site Plan
4) All approvals from Local authorities.
5) If project is big then whether any tender has been invited.
6) If yest then comparative Chart
7) Lowest bidder has been given the contract or not if not the reasons.
8) Certification of work completed by the contractor.
7) Contract documents and its terms and condition for payment, work certification etc.
8) Retention money provision.
9) Quality of material approval
10) Utilisation of standard quantity and quality report
Besides the above kindly go through various books and also attend seminars on construction industry to up date as this is not a class room to give all the details and I am not preparing any notes on the subject.
In your case the following are essential
1)Title of the Land
2) Title Deeds of the property on which construction is being carried out.
3) Site Plan
4) All approvals from Local authorities.
5) If project is big then whether any tender has been invited.
6) If yest then comparative Chart
7) Lowest bidder has been given the contract or not if not the reasons.
8) Certification of work completed by the contractor.
7) Contract documents and its terms and condition for payment, work certification etc.
8) Retention money provision.
9) Quality of material approval
10) Utilisation of standard quantity and quality report
Besides the above kindly go through various books and also attend seminars on construction industry to up date as this is not a class room to give all the details and I am not preparing any notes on the subject.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- Gst registered proprietorship firm
- GST Intimation due to Government took possession of Business Premises under PPE Act
- Non filing of I T Returns
- SALARY CAN BE CAPITALIZE
- Capitalgain tax purposes for valuation report compulsory
- TAX AUDIT ON PROFESSIONAL INCOME
- TDS on Fixed Assets purchased
- TDS on purchase of under construction property from a reseller
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
