A contracts and accounts is prepared to find out the cost of the contract and to know the profit or loss made on the contract. On the basis of the contract
We learn about Types of contracts like labor contract demolition Contract Target Contract negotiated contract advantages and disadvantages Labour Contract: In this case, the contractor quotes rates for all the items of work only for the labor work excluding the materials which are supplied by the department free of cost. The contractor has to make … Read more
A percentage rate contract, simply put, is a type of contract used in construction or similar projects where the contractor is paid a percentage of the total project cost. Instead of a fixed price, the contractor receives a percentage of the total cost, including materials, labor and other costs. This can be beneficial when the … Read more
Type of Contract is a very important part Contract and Accounts of civil engineering. it’s very important subject in diploma & degree and following points are very important to exam point of view must read and understand properly it’s help you all the best. Contract Introduction: Contracts play an important role in our everyday … Read more