Ad free CAclubindia and daily updates on your mobile. Subscribe Now!

Need help

(Guest)

what is works contract ?

plz give example

Reply
Follow
Share

1 Replies

Mukesh Kumar Singh (CA-FINAL) (4094 Points)
Replied 27 September 2011

A n y a g r e e m e n t f o r e x e c u t i o n o f w o r k s r e l a t i n g t o c i v i l w o r k s , c o n s t r u c t i o n , m a n u f a c t u r e , p r o c es s i n g , f a b r i c a t i o n , e r e c t i o n , I n s t a l l a t i o n , f i t t i n g o u t , i m p r o v e m e n t , m o d i f i c a t i o n , r e p a i r o r c o m m i s s i o n i n g o f a n y m o v a b l e o r i m m o v a b l e p r o p e r t y f o r c a s h / d e f e r r e d p a y m e n t o r o t h e r v a l u a b l e c o n s i d e r a t i o n i s a w o r k s c o n t r a c t .