All civil Engineering works invariably require various material for incorporation and completion of work. These materials could be procured by the Employer or the contractor. In some cases the employer stipulates that certain materials would be issued by him and the contractor should quote for the work accordingly. In other cases the employer may leave procurement of materials to the contractor.
In both these cases, the material need to be accounted in the bills for payment. This is a very important function of quantity surveyors and executives. Non reconciliation will result in delay in clearance of bills as well as recoveries as per conditions of contract. Some organization may stipulate recoveries for non reconciled materials at penal rates of recovery.
Please find enclosed herewith the detailed presentation on reconciliation statement for the construction site.
In both these cases, the material need to be accounted in the bills for payment. This is a very important function of quantity surveyors and executives. Non reconciliation will result in delay in clearance of bills as well as recoveries as per conditions of contract. Some organization may stipulate recoveries for non reconciled materials at penal rates of recovery.
Please find enclosed herewith the detailed presentation on reconciliation statement for the construction site.
