27/04/2024
Important things to remember
Contract act : 2023
1*. Bid security :- 2-3%
1. Mobilization:- 20%
2. PERT :- beta distribution curve
3. Retention money :- 5% of bill amount
4. Overhead :- 10%, overhead+ profit :- 15%
5. QAP :- Contractor
6. Revised estimate:- 5%
7. Annual repair and maintenance:- 1.5%
8. Contingency :- 4%
9. Contractor tax , water charges :- 1.5%
10. Centage value :- 10-15%
11. Penalty:- 0.05%
12. VAT :- 13%
13. Work charged establishment :- 1.5-2 %
14. Scrap value :- 10%
15. Construction workers paid :- 25% of total cost
16. Tender IS :- 45days , NS :- 30days
17. DLP period :- 12 months
18. Holdfasts :- kg, 1 holdfasts = 1kg
19. No deduction :-
Masonary : 0.1m2
Formwork :- 0.4m2
Plaster ,paint :- 0.5m2
20. Measurements.
Woodworks :- 2mm
Steel works :- 1mm
Thickness of slab :- 5mm
All dimensions :- 0.01m
All areas:- 0.01m2
All volume :- 0.01m3
All weight :- 0.001tones, 1kg