12 September 2014
in AS 7, stage of completion determines on 3basis. out of whaich is one is survey of project.
if engineer had done the survey and determine total estimated cost of the project and stage of completion by him on critical examination.
total est.cost 100
cost incurred 20
stage of completions by engineer 15%
as per AS7 stage of completion
so which stage of completion we consider.
pr if
how we accoutfore the above problem
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