Consult Construction Web Site – www.consultconstruction.com E Mail id – Info@consultconstruction.com

Detailed Training Programme modules for

Construction & Real Estate Sector

Consult Construction is a consulting firm with all governance, compliance and IT related services related to the construction sector under one roof.

Focus Areas :-

Corporate GovernanceManagement AuditProject Budgeting and MonitoringIndirect Tax CompliancesCorporate TrainingInformation Technology and Allied ServicesISO Implementation

Core Team

Mr.Sandesh Mundra - Indirect Tax & Management AuditMr.S N Mundra - CompliancesMr.Samir Siddhpuria - VAT Mr.Philip Fernandes - Excise Mr.Dinesh Kavi - Labour LawsMs.Suman Mundra - Management AuditMr.Sanjay Christian - Management AuditMs Pooja Jajwani - IndirectTax Consulting

Authored - Technical Guide on “Business Controls, Monitoring and Internal Audit of Construction Sector”

Authored the technical Guide on “Business Controls, Monitoring and Internal Audit of Construction Sector” issued by ICAI in 2011.

One of our team members has been appointed to the three member National level Direct and Indirect Committee of Builder’s Association of India (BAI) for year 2014. Successful representation to the Ministry of Finance on service tax related issues on behalf of BAI.

Paper on “Accounting Controls in Construction Sector” chosen for publication in January, 2013 issue of National Journal of ICAI.

Paper on "Budgeting Challenges for construction sector" chosen for publication in August 2013 issue of National Journal of ICAI.

Our team members have acted as a speaker on various topics in seminars and study circle meets organised at Mumbai, Ahmedabad, Gandhinagar, Navsari, Jamnagar, Rajkot and Nadiad Branches and study circles of ICAI.

Our team members are Regular Column writers for Indian Construction (Journal of Builder’s association of India), CA Associaton Ahmedabad & web portals like Consult Construction.com & Consolidation of accounts.com

Our Team Achievements

Modules

A. Tendering and BudgetingB. TaxationC. Internal Controls

a. Engineeringb. Human Resourcesc. Storesd. Qualitye. Safetyf. Accounts

D. Coordination between Sites and HOE. MISF. Commercial ProcurementG. Risk ManagementH. Project CompletionI. Others

Modules

A. Tendering and Budgeting -a. Structure:

1) Critical Tender Conditions2) Projection of work execution quantity and Value3) Projection of Direct cost and Overhead 4) Cost Control Strategies during the project5) Comparison between Project vs Actual

for decision and planning6) Project Work completion within

time frame

Modules

B. Understanding of Indirect Taxation-b. Structure:1) Works Contract / Deemed Sale / Def’n

under VAT Act / Basic Concepts of Levy of Works Contract / Divisible & Indivisible Works Contracts

2) The 3 Options namely Actual Deduction, Standard Deduction & Composition / Practical Illustrations for all the three options and the Best Option.

3) Provisions of VAT Act.& Rules for Works Contract.4) Availability VAT Credit to both Contractor and the Contractee 5) The provision of TDS / Transaction between Main & Sub Contractor /

Implications of CST 6) Service Tax / Categorisation of Services / Controversies involved with

Works Contract / Exemptions available7) Service Tax / Categorisation of Services / Controversies involved with

Works Contract / Exemptions available

ModulesB. Understanding of Indirect Taxation -

b. Structure:8) The billing, documentation aspects / Basics of Cenvat Credit /

Strategies by the Contractors / Certain Specific Contracts and calculations of VAT ( WC ) and Service Tax

9) Other Taxes like Excise, Construction Cess, Basics on Labour Laws 10) Basic aspects of Multi State VAT / Service Tax

i) Optimisation of Indirect Taxes to reduce Project Costii) Planning High Seas / Sale in Course of Import

/ Inter-State Salesiii) Entry Tax & Interstate goods movementiv) Forms – C / F / E1v) WCT certificate (TDS)

11) Implications of Free Issue Material and Taxation 12) Practical Case Studies13) Evaluation

ModulesC. Implementation of internal controls at functional level -

a. Engineering :1) Basic Information about site / Work

Order & Registration numbers 2) Study of Work Order Terms &

Condition & Work Location3) Kick off Meeting 4) Mobilization (Resources – Labour /

Staff/ Equipment / Vehicle / Fund) 5) Availability of Drawings, Front for work 6) Monitoring the performance of Project Manager

Appointed by Contractor

ModulesC. Implementation of internal controls at functional level –

a. Engineering :7) Rework Related Controls 8) Work Planning – Daily / Weekly / Monthly 9) Pre planning for FIM / Own Material 10) Joint Measurement – Work completion and Extra work11) Contactor billing and certification 12) Back to Back contracting 13) Reconciliation - FIM

ModulesC. Implementation of internal controls at functional level -

b. Human Resources :I. Contracted Labour

1) Labour License2) WC Policy3) Statutory obligations of Principal Employer4) Workers’Cess5) Master form – Sub Contractor6) Over time7) Daily report & Control – Labour8) Gate Pass (GP) / Entry Card9) Records for PF and Liability payment10) Labour colony / Water & Power supply

ModulesC. Implementation of internal controls at functional level -

b. Human Resources :II. Employees

1) Salary Structure & Letter of Appointment2) Master form – Employee 3) Branch / Site transfer letter 4) Daily Attendance – Staff5) Over Time6) Leave application form7) Bonus & Leave encashment 8) Records for PF and Liability payment9) Staff Appraisal10) Hired Camp / Mess – Staff 11) Group Employee Health Insurance Policy

ModulesC. Implementation of internal controls at functional level –

b. Human Resources :

III. Administration1) Vehicle report2) Equipment report3) Control when more than one contractors are working in same

location4) Track of resources issued to the Contractor

ModulesC. Implementation of internal controls at functional level –

c. Store :1) Control over Free Issue Material2) Material Inward controls – FIM / Purchases

/ Inter site with data entry in manual register or computer system.

3) Material Outward Controls – Cement / Steel / RMC

4) Material requisition Note (MRN) to Procurement department or HO with PM sign

5) Scrap Control6) Fuel Consumption7) Take Physical stock on Daily / Weekly / Monthly8) Report on debitable or recoverable items to Accounts with PM

sign9) Report on Non moving items

ModulesC. Implementation of internal controls at functional level –

d. Quality and Safety :1) RMC Cube test register / Report / Client sign2) Certificate for Equipments from approved agency3) Vehicle - Driving test / Speed limit /Eye Sight/PUC

certificate /Safety Belt / Insurance papers RC book4) Supervision of Staff & Labour - Safety full body belt

above 2mtr height / Safety Helmet, Safety Shoes, Cotton Hand Gloves, Safety Goggles, Nose mask / Ear plug / Caution Patty or Barrier around risk area

5) Accident register for cause of accident and improvement steps

ModulesC. Implementation of internal controls at functional level –

e. Accounts :1) Centralized or Branch accounting or Hybrid Model2) Movement of Documentation3) Preparation of Sales Invoice4) Fund planning

ModulesC. Implementation of internal controls at functional level –

f. Co ordination between Sites & HO :1) Fund2) Material transfer from other site and confirmation3) Resources requirement - New Staff / Vehicle & Equipment /

Material

ModulesD. MIS System -

a. Engineeringb. Human Resourcesc. Stored. Accounts

ModulesE. Commercial Procurement -

a. Vetting the Contracting Agencyb. Purchase – Goods & Others

1) Purchase Policy2) Purchase Procedure3) Material Scheduling – Indenting – Vendor Selection –

Comparison4) Purchase Cost Reduction5) Placement – Inspection – Damage6) Bulk Material Procurement –

Cement and Steel

ModulesE. Commercial Procurement –

c. Equipments1) Equipment History2) Hire vs Buy3) Hired Equipment Controls4) Scaffolding Related Issues

d. Services1) Quotation 2) Comparison & Analysis - Rate / Mobilization Time3) Rate Analysis of exclusive and incl. Transportation 4) Rate with payment terms – Days 30 / 45 / 60 or Advance payment5) Rate with condition – VAT/ Service Tax6) Equipment Procurement and Hiring Controls Special Conditions – JCB /

Miller / Trailor / Batching Plant / Dumper 7) Work order – Contractor/Equipment/Vehicle

ModulesF. Risk Management & Insurance Related Issues at Construction Site

G. Checklist for Project Completion -

a. Work completion certificateb. Invoking the LD ClauseTime claims by

contractor analysis & verificationc. Cost claims by contractor analysis &

verificationd. Project Completion:

1) Final Bill preparation and Certification2) Final Material Reconciliation – FIM & Raw3) Fulfillment of client work completion procedure4) Status clearance of Receivable & Liability

ModulesG. Checklist for Project Completion -

d. Project Completion:5) Statutory Compliance by agency6) Possible reasons for delayed in submission of Final bill7) Site Demobilisation8) Release of Retention Monies9) Closeout Procedures

i) Occupancyii) Utilitiesiii) Commissioningiv) Turnoverv) Defect Liability Period (DLP)

ModulesH. Other Areas-

a. Bankingb. Auditc. Marketingd. ISO implementation

Some of the companies who have attended our workshops

• Thanks