RA BiLL
This query is : Resolved
22 July 2011
What is RA BILL in the construction industries ,Please give with an eaxample
What is RA BILL in the construction industries ,Please give with an eaxample
CA. DINESH KUMAR
(Expert)
23 July 2011
RA means running account. As most of construction contract are for a long period, so in contract there is a clause that paymrnt shall be made stage wise complerion of work, to avoid liquidity problem to contracor. Contractor raise bill for work done upto particular stage, to get the payment. These bills are called RA BILLS.
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