How To Keep Records In Construction

Table of contents:

How To Keep Records In Construction
How To Keep Records In Construction

Video: How To Keep Records In Construction

Video: How To Keep Records In Construction
Video: Records to be Maintained at Construction Site | Register Maintain at Site | 2024, December
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Funds spent on any significant enterprise are subject to mandatory accounting. Especially when it comes to such an important moment as construction. You don't even need to be an accountant to carry out the necessary calculations, you just need to carefully consider all aspects.

How to keep records in construction
How to keep records in construction

Instructions

Step 1

Draw the columns "Consumption, material, quantity" in a notebook or create a similar file on your computer. You can easily enter the purchased tools or materials and see your expenses for each specific period of time.

Step 2

If you represent a legal entity whose responsibilities include paying various taxes on construction, then do not forget to include them in a separate column.

Step 3

The situation is more complicated with the wages of workers. The remuneration of specialists, as a rule, is fixed and can be included immediately in the calculation, if each contractor agrees with the indicated amount. But low-skilled workers are sometimes hired in the course of construction work. Their wages for labor are often unstable and vary in small or medium ranges from the salary of a specialist. Therefore, fix the cost of salaries to auxiliary workers last.

Step 4

Consider possible force majeure circumstances that may entail losses during construction. For example, the detection of defects in materials that, as a result, have become unusable. Add their cost to the total consumption figures.

Step 5

Any construction site, in addition to labor costs and materials, requires the organization at the construction site of amenities for builders: toilets, mobile canteens, lights, etc. Take into account the amount spent on this in the column "Associated costs".

Step 6

When implementing an object built by your company, add up all costs and add the required level of profit. Compare the resulting price per square meter of area with the market average, adjust if necessary. If, after the adjustment, the profit turns out to be significantly less than expected or there will be no profit at all, take into account your mistakes and do not repeat them again. For example, you should not hire a specialist, most of whose working time remains unclaimed. If the volume of work is small and the projected profit is not high, then it is quite possible to conduct accounting on your own.

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