Lakshmi Machine Works Interview Questions and Answers

I have 5 years of experience in the Oil & Gas sector, specifically in the Operations department.

• I have worked in the Operations department of an oil and gas company for 5 years.

• During my time in the sector, I have gained extensive knowledge of the operational processes and procedures involved in oil and gas production.

• I have successfully managed various projects related to drilling, production optimization, and cost reduction.

• I have a strong understanding of safety regulation...read more

Preparation of RA bill involves gathering all relevant information and creating a detailed invoice for goods or services provided.

• Gather all necessary information such as product or service details, quantity, and pricing

• Create a detailed invoice with clear descriptions and itemized costs

• Include any applicable taxes or discounts

• Ensure accuracy and completeness of the bill before submitting to the client

• Follow up with the client to ensure timely payment

Pro-forma invoices are prepared by including all relevant details of the sale, such as quantity, price, and terms, before the actual invoice is issued.

• Gather all necessary information about the sale, including quantity, price, and terms.

• Create a document with all the details of the sale, similar to a regular invoice but marked as pro-forma.

• Include a statement indicating that the document is a pro-forma invoice and not a final invoice.

• Send the pro-forma invoice to the customer...read more

Price adjustments in construction contracts

• Price adjustments are common in construction contracts to account for changes in material costs, labor costs, and other factors

• These adjustments can be based on a fixed formula or negotiated between the parties

• Price adjustments can also be triggered by unexpected events such as delays or changes in scope

• It is important to have clear and detailed provisions in the contract regarding price adjustments

I prepare price variation bills by analyzing cost changes and updating the billing accordingly.

• Review the original contract or agreement for pricing details

• Identify any changes in costs such as materials, labor, or overhead

• Calculate the impact of these changes on the overall price

• Update the billing documentation with the revised pricing information

• Ensure accuracy and clarity in the price variation bills

• Communicate any changes to the relevant parties involved