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Topic : Construction bidding
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Industry : Construction
Functional Area : Change Management
Keywords : st wct it etc
Activity: Question posted: 03 10 2010 17:00:47 +0000, 0 answers, 2212 views, last activity 08 07 2010 01:40:49 +0000
 
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As a QS one need to understand the tax structure for works contract of various types

 
 
 
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Since Time is money and a project cost will go up every year at an average 10% on basic prices taxes the escalation is a happening in 100% since most of projects will fall in two / more financial years.
Cost of Cost Escalation is not only due to improper financial planning, but also due to improper execution sequence of work, if the project is planned for 2 financial years and if spill over then tax loads will be major impact. and if the project is...
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