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I applied via Company Website and was interviewed in Aug 2022. There were 2 interview rounds.
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I applied via Naukri.com and was interviewed in Apr 2024. There was 1 interview round.
I applied via Approached by Company and was interviewed before May 2023. There were 2 interview rounds.
I applied via Naukri.com and was interviewed before Nov 2021. There were 4 interview rounds.
I applied via Referral and was interviewed before Aug 2022. There were 4 interview rounds.
I applied via Campus Placement and was interviewed before Aug 2020. There was 1 interview round.
posted on 20 Nov 2020
I applied via Campus Placement and was interviewed before Nov 2019. There were 5 interview rounds.
Escalation is the increase in cost or price of goods or services over time due to various factors.
Escalation is significant in construction projects where the cost of materials and labor can increase over time.
It is important to factor in escalation when creating project budgets and timelines.
The formula for escalation is: Escalated Cost = Base Cost x (1 + Escalation Rate)^Number of Years
For example, if the base cost o...
Penalty is a punishment for breach of contract while liquidity damages compensate for financial loss due to breach.
Penalty is a fixed amount agreed upon in the contract as a punishment for breach of contract.
Liquidity damages compensate for the actual financial loss suffered due to breach of contract.
Penalty is usually higher than the actual loss suffered while liquidity damages are calculated based on the actual loss.
...
Basic Price variation refers to the change in the cost of materials or labor used in a project.
Basic Price variation is a common clause in construction contracts.
It allows for adjustments to the contract price based on changes in the cost of materials or labor.
The variation can be positive or negative, depending on whether the cost has increased or decreased.
The variation is usually calculated using an agreed-upon form...
Yes, basic price variation is beneficial for a contract.
Basic price variation allows for adjustments to be made to the contract price based on changes in market conditions or material costs.
This helps to ensure that the contractor is not unfairly burdened with unexpected costs and can maintain profitability.
It also provides a level of transparency and accountability in the contract, as both parties are aware of the pot...
There are various types of contracts in construction projects. Each has its own advantages and drawbacks.
Types of contracts include lump sum, cost-plus, time and material, and unit price contracts.
Lump sum contracts provide a fixed price for the entire project, but can lead to disputes over changes.
Cost-plus contracts reimburse the contractor for all costs plus a fee, but can lead to inflated costs.
Time and material co...
posted on 11 Jun 2022
I applied via Campus Placement and was interviewed before Jun 2021. There were 3 interview rounds.
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Project Manager
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11
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