UDN project costs and revenue program
It works to follow up the collected and other outlets, the collection and entitlement to the taxes and insurance And submit prices offers, contract contracts and implementation plan And the presentation of the executive extract
Project costs and revenue program & nbsp; , Are you looking for Contracting program ? Do you want to organize your contracting work, employment with you, building materials and costs? You are in the right place with the UDN program for holding contracting. Contracting accounts differ from regular accounts due to the different cost accounts in the field of contracting and the separation of projects from each other where each project has its costs
Features of UDN project costs and revenue
First: The supervising or owner of the project puts a tender between qualified companies (classified) to implement the project second: These companies apply to purchase the brochure of conditions and tender documents, which include all the details of the project in terms of the site, the number of units, space, technical, administrative and financial matters such as plans and quantities tables And forms for correspondence and business numbers under checking and other conditions
The process of calculating the cost of the project is of the importance of being the means that enables the project owner to determine his needs of capital expenses, as well as repeated operational expenses that contribute to calculating the following extent of the available capital (economic resources available for the project owner) to start the project and the extent of the project need to borrow or Enter partners. The annual operational costs that will be compared to the annual revenue to know the expected profits. Determining the return on investment
The project is established on a specific company (the least priceful companies or according to the owner’s view) that begins in the practical steps to implement the project: · Signing contracts · Providing the necessary bank insurance letter guaranteeing the batch provided - batch of achievement) and the primary insurance value may be completed to meet one of the previous insurance Providing the necessary insurance documents (business insurance and workers) and ensuring the extent to which the document covers all the items that can arise from unexpected losses or compensation · Receiving the site and starting implementation and here I want to clarify some of the cases that contracting companies take in implementation and which are controlled by some factors Such as the company's financial ability, estimated, sufficient for its technical staff, and other factors
Contracting cost accounts program is one of the main keys to any company that wants to develop and rest in a very hard field for success. Contracting company must link or coordinate between its executive and accounting pillars, so it must acquire the best applications of account management and projects that enables it to achieve its goals.
The UDN program for contracting costs is one of the best programs that help contracting companies to link what is happening in operating sites and offices, but this stage also exceeded to the post -project completion and move to direct sales from the projects that have been implemented
Expenses can be recorded in the project estimates in the network display method, and this is in relation to the expenses that will be incurred in the project and are not directly related to the costs of the employment that must be spent. Using the option, adding the estimated expenses in the network display method, you can accomplish it. Expenses can be recorded for a specific task or for the entire project; You can choose the categories of expenses on these items and choose an initial history in which these expenses will be incurred. If I have the cost and a list of sales prices associated with default or percentage rates to raise the price, they are specified for the categories of expenses, then they will be determined by default for the associated estimate item.
The important factor in the success of buildings projects is the precise estimate of the cost of the project, which is affected by many elements during the bid pricing period, and that the goal of this study is to implement a new model to calculate the costs of construction as an alternative to the traditional systems currently in force
The stages of the project study in the UDN project costs and revenue
First: Entering quantities schedules
The quantities schedules are project delivery items, distributed at different stages. It follows:
Planning the issuance of project extracts
The system calculates the estimated project budget based on information that the system is prepared in advance (for example, the quantities of iron and cement for each cube, reinforced concrete ...)
Second: Completion of the estimated budget and determining the cost of the estimated project
The system, based on the quantities schedule, calculates the cost of direct materials and direct wages for the project
The rest of the other indirect and estimated expenses are completed
The system, based on the quantities schedule, calculates the cost of direct materials and direct wages for the project
First: shareholders and participation rates (if any)
Defining the shareholders and the contribution rates of the project
Determining supervision rates according to the terms of the contract
Second: Providing offers and completing contracts
Enter technical specifications (artistic presentation)
financial offer
Entering all movements first with the first and disbursing materials on the project and delivery extracts, and subcontractors extracts, other expenses, the payments provided, shareholders ’payments, follow -up of the project. Each item, comparison with standard quantities and knowledge of deviations
Comparing the estimated budget for the project actually and identifying deviations
Types of extracts in the best cost program Udn
The executive extract is called the contracting company on the project and its implementation stages, and it is not very different in its contents from the current or closing extract, but it has some analytical data for each item, such as the cost of item, the price of sale and profit The project is to compare the outlet and the plan for each of the project provisions. Often these extracts are monthly ... and according to what is agreed upon by the contract with the royal authority.
Business extracts are divided into internal extracts of the contracting company (executive extract) and other external extracts for the royal authorities and subcontractors (ongoing and closing extracts)
It is like his demands (invoice) submitted by the contracting company assigned to the project to the owner (the attribution of the / client). In it, the net value of the extract is calculated based on what has been implemented and the taking into account the previously implemented by the settlements related to the items in place of the extract from deductions such as securing business and from additions such as clauses that are new to signing the agreement contract and the percentage of completion signed by the consultant engineer.
It is also called the final extract, because after the contractor finishes the implementation of the project and hand it over a final delivery
I sub -contractors in the UDN project costs and revenue
Some companies implement projects by themselves with the assignment of some specialized items for subcontractors such as elevator item _ and electrical work _ and health, fire, warning and air conditioning _ marble business and so on) But the company remains the main items such as the structure, buildings, finishing and services, all according to the size of the company, its capabilities and what it owns from Sections to implement these items. Some companies have separate branches that are specialized in implementing one or more item. Some other companies assign the full project to another contracting company in exchange for a percentage obtained from the value of the contract. In this case, you can record data in the project costs and revenue program
However, in some cases, Al -Batin contractor stops the implementation of the project for any reason, and in this case the rest of the works are completed from his account by the executing company or the business support for another contractor.
Enjoy a high level of transparency and get customer satisfaction with ease through System UDN you can register all data Cost accounting Project revenue & nbsp; Their own also possesses the purpose of the accuracy of the calculations of your customers and a complete inventory of their debts and methods of paying them.
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