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Rolling margin is a financial term that refers to the difference between the revenue generated and the variable costs incurred over a specific period of time.
Rolling margin is used to measure the profitability of a business or project.
It helps in assessing the efficiency of operations and identifying areas for cost reduction.
The formula for calculating rolling margin is: (Revenue - Variable Costs) / Revenue * 100.
For e...
If the site quantity differs from the drawing quantity, I will take the following steps to address the issue.
I will review the drawings and specifications to ensure accuracy.
I will communicate with the project team, including the architect and engineer, to clarify any discrepancies.
I will conduct a site visit to physically verify the quantities and compare them with the drawings.
If there are significant differences, I ...
Reconciliation of steel involves comparing the actual quantity of steel used in a construction project with the estimated quantity.
Reconciliation of steel is a process used in construction projects to ensure that the actual quantity of steel used matches the estimated quantity.
It involves comparing the quantity of steel recorded in the project's documentation, such as drawings and specifications, with the quantity of s...
BBS stands for Bar Bending Schedule, which is a detailed list of reinforcement bars in a concrete element.
BBS is prepared based on the structural drawings and specifications.
It includes the diameter, length, shape, and number of reinforcement bars required for the element.
BBS helps in estimating the quantity of steel required and also ensures the correct placement of reinforcement bars.
It is an essential document for t...
Rate analysis is done by breaking down the cost of each item in a construction project to determine the overall cost.
Rate analysis involves breaking down the cost of each item in a construction project.
The cost of materials, labor, and equipment is analyzed to determine the overall cost.
Quantities of each item are measured and multiplied by their respective rates to calculate the cost.
Rate analysis helps in estimating ...
Margin for OH & Profits in rate analysis is the additional amount added to cover overhead costs and generate profit.
Margin for OH & Profits is added to the direct cost of a project to cover indirect costs and generate profit.
It is usually expressed as a percentage of the direct cost.
The margin for OH & Profits varies depending on the nature of the project and market conditions.
For example, if the direct cost of a proje...
The wastage percentage for reinforcement steel varies depending on factors such as project complexity and workmanship.
Wastage percentage for reinforcement steel is typically estimated between 2-5%.
Factors such as project complexity, workmanship, and site conditions can affect the wastage percentage.
Proper planning, accurate cutting, and careful handling can help minimize wastage.
Examples of wastage include incorrect cu...
The code for structural steel is typically governed by the American Institute of Steel Construction (AISC) while reinforced steel is governed by the American Concrete Institute (ACI).
Structural steel is commonly used in the construction of buildings, bridges, and other structures.
The AISC provides standards and guidelines for the design, fabrication, and erection of structural steel.
Reinforced steel, also known as reba...
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posted on 21 Dec 2024
I was interviewed before Dec 2023.
The standard deduction as per IS 1200 is a fixed amount that can be deducted from the measured quantities of certain items in a construction project.
The standard deduction is typically used for items like scaffolding, formwork, and centering in construction projects.
It is a fixed percentage of the measured quantity, usually ranging from 2% to 5% depending on the item and project.
The purpose of the standard deduction is...
Material properties refer to the characteristics and behavior of materials used in construction projects.
Material properties include density, strength, durability, thermal conductivity, and elasticity.
Understanding material properties is crucial for selecting the right materials for a project.
Examples of material properties affecting construction include water absorption in concrete and thermal expansion in metals.
posted on 25 Apr 2023
I applied via Approached by Company and was interviewed before Apr 2022. There were 5 interview rounds.
It was around 5-10 minutes online test.
The percentage of wastage varies depending on the project and materials used.
The percentage of wastage can be calculated by dividing the amount of material wasted by the total amount of material used and multiplying by 100.
Factors that can contribute to wastage include poor planning, inaccurate measurements, and human error.
The percentage of wastage can be reduced through careful planning, accurate measurements, and pr...
I applied via Referral and was interviewed before Oct 2022. There were 3 interview rounds.
Current CTC is $60,000 and Expected CTC is $70,000.
Current CTC is the current annual salary of the candidate.
Expected CTC is the annual salary the candidate is expecting from the new job.
It is important for the employer to know the candidate's salary expectations to assess if it aligns with the budget.
For example, if the candidate's Current CTC is $50,000 and Expected CTC is $65,000, there is a $15,000 difference.
Yes, I am actively involved in preparing cost estimations for construction projects. I typically prepare detailed estimates based on quantities, labor rates, material costs, and overhead expenses.
I prepare detailed estimates based on quantities of materials and labor required for a project.
I consider factors such as material costs, labor rates, equipment costs, and overhead expenses in my estimates.
I use software tools...
Verify the bill by checking quantities, rates, unit prices, supporting documents, and site measurements.
Check quantities mentioned in the bill against the actual work done on site.
Verify rates and unit prices for each item in the bill with the contract agreement.
Ensure all supporting documents such as invoices, receipts, and delivery notes are provided.
Conduct site measurements to confirm the work completed matches the
Evidential documents required for scrutinizing the RA Bill
Contract documents
Measurement sheets
Bills of quantities
Variation orders
Payment certificates
Justification of change of scope works involves thorough analysis, cost estimation, impact assessment, and communication with stakeholders.
Conduct a detailed analysis of the proposed changes in scope, including the reasons for the change and the potential impact on the project.
Estimate the additional costs and resources required for the change of scope works, taking into account materials, labor, and any other relevant...
Basic inputs for preparing the Bill of Quantities include drawings, specifications, and site visits.
Drawings: Architectural, structural, and MEP drawings are essential for accurately quantifying materials and labor.
Specifications: Detailed project specifications outline the quality and standards required for each item in the bill.
Site visits: Surveyors need to visit the site to assess existing conditions, access, and a...
posted on 17 Apr 2022
I applied via Approached by Company and was interviewed in Mar 2022. There were 2 interview rounds.
posted on 24 Sep 2022
I applied via Company Website and was interviewed before Sep 2021. There were 3 interview rounds.
Some basic questions of mathematics up to 10th class.
posted on 23 Aug 2021
I applied via Naukri.com and was interviewed before Aug 2020. There were 4 interview rounds.
Mode of measurement refers to the standard method used to measure quantities in construction projects.
It is important to establish a clear mode of measurement to ensure consistency and accuracy in cost estimation.
Common modes of measurement include SMM7, CESMM, and NRM.
SMM7 (Standard Method of Measurement) is widely used in the UK for building works.
CESMM (Civil Engineering Standard Method of Measurement) is used for c...
Deduction as per IS code for Connecte, Shuttering & Plaster
As per IS code, deduction for connected items is 2.5% of the total quantity
For shuttering, deduction is 10% of the total surface area
For plaster, deduction is 20% of the total surface area
These deductions are made to account for wastage and overlapping
The consumption for mortar 1:3 and 1:6 ratio depends on the area to be covered and thickness of the layer.
The consumption of mortar is calculated in terms of volume.
For 1:3 ratio, the mix proportion is 1 part cement and 3 parts sand.
For 1:6 ratio, the mix proportion is 1 part cement and 6 parts sand.
The thickness of the layer also affects the consumption of mortar.
The area to be covered is calculated by multiplying the...
posted on 26 Jan 2021
I applied via Naukri.com and was interviewed in Dec 2020. There were 4 interview rounds.
posted on 24 Dec 2021
I applied via Recruitment Consultant and was interviewed before Dec 2020. There was 1 interview round.
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