K Raheja Corp Manager Interview Questions, Process, and Tips

The procedure of bill certification after vendor onboarding involves verifying the accuracy of the vendor's invoice and approving it for payment.

• Verify that the vendor's invoice matches the agreed-upon terms and pricing

• Check for any discrepancies or errors in the invoice

• Obtain necessary approvals from relevant stakeholders before certifying the bill

• Record the certified bill in the accounting system for payment processi

Documents required for bill certification include invoices, receipts, purchase orders, and payment records.

• Invoices from vendors or suppliers

• Receipts for goods or services purchased

• Purchase orders showing items ordered and prices

• Payment records indicating amounts paid and dates

• Any relevant contracts or agreements

Validate the NT item price by comparing it with market prices and historical data.

• Compare NT item price with similar items in the market

• Check historical data for any price fluctuations

• Verify pricing strategy with competitors

• Consider factors like demand, supply, and production costs

Cost per Sqft and structural consumption are key factors in determining the overall budget and efficiency of a construction project.

• Cost per Sqft refers to the cost of construction per square foot of space. It is calculated by dividing the total cost of construction by the total square footage of the building.

• Structural consumption refers to the amount of structural materials used in the construction of a building. It ...read more