L&T Realty Assistant General Manager Contract Interview Questions, Process, and Tips

Costing of projects involves estimating the expenses and resources required for completion.

• Costing of projects includes estimating labor, materials, equipment, and overhead costs.

• It is important to consider any potential risks or unforeseen expenses that may arise during the project.

• Costing also involves determining profit margins and pricing strategies to ensure profitability.

• Examples of costing methods include bottom...read more

Analysis of cost of activities involves evaluating expenses related to various tasks or projects.

• Identify all activities involved in the project

• Determine the cost associated with each activity

• Analyze the cost breakdown to identify areas of potential savings or inefficiencies

• Consider factors such as labor, materials, equipment, and overhead costs

• Use tools like cost estimation software or spreadsheets for accurate analys

Contract management involves the administration and oversight of contracts throughout their lifecycle.

• Ensuring compliance with contract terms and conditions

• Monitoring contract performance and milestones

• Managing changes and amendments to contracts

• Resolving disputes and conflicts that may arise

• Maintaining accurate records and documentation

• Examples: tracking deadlines, negotiating terms, analyzing risks

AGM Contracts handles a variety of contracts including construction, procurement, and service agreements.

• Construction contracts

• Procurement contracts

• Service agreements

SCC and GCC clauses are essential in contracts to outline rights and responsibilities of parties involved.

• SCC (Special Conditions of Contract) are specific to the project and can include details on scope, schedule, and payment terms.

• GCC (General Conditions of Contract) are standard clauses that apply to all contracts and cover topics like dispute resolution, termination, and indemnity.

• Both SCC and GCC help ensure clari...read more