The Quantity Surveyor

So this question came in from my dear friend Chaitanya. Q: In case client is supplying cement and sand do we need to add the material cost in the boq rate? A:  This is actually a simple concept that some builders follow to save/share on the VAT benefits, mainly input and output VAT (will not dwell into the taxation part here,since it's an accounting perspective and I do not have the qualification to advice on it) So, In case the material is being supplied by the client there can be three types of contract: - The 1st type will be a purely free  issue material contract, here the contractor will not include the material price into the BOQ prices, mind you this is not an "only labour" contract as the allied materials will still be in the contractor's scope. The contractor is therefore responsible for the reconciliation of the material and the client is responsible for the supply of the material, which makes the client directly viable to ...

This blog is dedicated to my teachers, professors, mentors and all the professionals I have been fortunate to be associated with, this is specially dedicated to the many who have told me that I need to take up teaching for the sheer fact that I love learning! So here you go.. Since  a large part of my experience is in the Indian market in particular Bangalore, the initial posts would be around this region. Even today I get approached by a few of my colleagues on the nitty-gritty of contracts that are being followed and also some basic questions involving Quantity Surveying that they find inaccessible on the web for some odd reason. So my posts are basically going to be in a Q & A format basis the many question I receive via email and WhatsApp. And as the description states these are things that I have experienced during my small career and would love for you as a reader to give me feedback which could help the many people reading this....