VTP Realty Billing Engineer Interview Questions and Answers

Basic rate is the standard rate used for calculating the cost of construction materials and labor.

• Basic rate is the rate which includes cost of materials, labor, and overhead expenses.

• It is used as a base rate for calculating the total cost of a project.

• Basic rate may vary depending on the location, type of project, and market conditions.

• For example, the basic rate for cement in one region may be different from another

Reinforcement steel wastage factor is the percentage of steel that is wasted during construction due to cutting, bending, and handling.

• Reinforcement steel wastage factor typically ranges from 2-5% in construction projects.

• Factors affecting wastage include the complexity of the design, skill of the workers, and quality of materials.

• Proper planning and supervision can help minimize wastage and reduce costs.

• For example, i...read more