What are the documents to certify cost of constructio/purchase for calculation of profit ?

Hi there,

Certifying the cost of construction/purchase for calculation of profit is a necessary step to keep the expenses of the owner in check. Following are the documents required to certify the construction/purchase cost:

• Description of the product or materials used in construction

• Quantity of product or materials used in construction

• Bills of all the products used.

• Payment terms

• Bills of installations

• Bills of payments done to engineers, electricians, plumbers, and all other handymen involved.

• Description of the property.

Any other legal document that has been generated while the construction or purchase of the property can also be used to certify the cost of construction/purchase.

I hope this helped you out.