Facilities And Building Solutions Interview Questions, Process, and Tips

CTC is prepared by calculating the total cost of employment including salary, benefits, and taxes.

• Calculate the employee's salary including any bonuses or commissions

• Add the cost of benefits such as health insurance, retirement plans, and paid time off

• Include any taxes or other deductions

• The final amount is the CTC

There are various types of contracts including fixed-price, cost-reimbursable, time and material, and incentive contracts.

• Fixed-price contracts involve a set price for the work to be done.

• Cost-reimbursable contracts involve the contractor being reimbursed for all costs incurred plus a fee.

• Time and material contracts involve paying for the time and materials used.

• Incentive contracts involve offering a reward for meeting...read more

The billing and certification procedure involves verifying and approving invoices and ensuring compliance with contracts.

• Verify accuracy of invoices and ensure they match contract terms

• Approve invoices for payment

• Ensure compliance with contract terms and regulations

• Certify completion of work or services

• Maintain records and documentation

• Communicate with clients and vendors regarding billing and certification

• Resolve any

Checklist for bill certification

• Verify accuracy of billing information

• Ensure compliance with contract terms

• Confirm receipt of goods or services

• Check for any discrepancies or errors

• Obtain necessary approvals and signatures

Contractor selection involves identifying potential contractors, evaluating their qualifications, and selecting the best candidate.

• Identify potential contractors through research, referrals, and advertising

• Evaluate qualifications based on experience, expertise, and references

• Consider factors such as cost, availability, and reputation

• Develop a selection criteria and scorecard to objectively compare candidates

• Select the ...read more