Table of Contents
What does reconciliation mean in construction?
What is Reconciliation? It is the process of comparing the standard data with actual data after considering data relating to variances. Reconciliation of work done: Similar to accounting done for the materials, the work done need to be compared with the BOQ or the base estimate.
What is reconciliation of materials?
Material reconciliation is accounting for all the material in a process to determine how efficient is a manufacturing operation. It allows you to compare the material quantity that actually flowed in with the planned quantity or the quantity of the material produced.
What is allowable wastage limit of cement?
Allowable Wastage Of Construction Materials | LCETED | CONSTRUCTION MANAGEMENT
| MATERIAL | ALLOWABLE WASTAGE |
|---|---|
| Cement | 3\% to 4\% |
| Sand | 6\% to 15\% |
| Coarse Aggregates | 6\% to 8\% |
| Tile | 1 to 2\% |
What does CVR mean?
CVR
| Acronym | Definition |
|---|---|
| CVR | Contraceptive Vaginal Ring (drug delivery device) |
| CVR | CPAM (Congenital Pulmonary Airway Malformation) Volume Ratio (cardiology) |
| CVR | Computerized Vehicle Registration |
| CVR | Conversion Rate |
What is cost reconciliation?
Cost reconciliation is a production report’s part showing what costs a department should account for during a period and the way those costs should be accounted for. The business concerns, having the separate cost and financial accounts should reconcile two accounts periodically.
What are the types of reconciliation?
There are five main types of account reconciliation: bank reconciliation, customer reconciliation, vendor reconciliation, inter-company reconciliation and business-specific reconciliation.
What is rolling margin?
Rolling margin is the difference between the actual weight of round bars (Reinforcement) Vs. Theoretical weight of round bars. This theoretical weight of round bars pick in IS Codes.
What CTR means?
Click-through rate (CTR) is the ratio of the number of clicks on a specific link or call to action (also known as CTA, for example the ‘Learn More’ text at the bottom of an email marketing campaign) to the number of times people were exposed to the link (aka the number of impressions).
How is CVR calculated?
Post-impression CVR is calculated by simply dividing the number of conversions by the number of impressions, then multiplying the total by 100. Similarly, post-install CVR is calculated by dividing secondary conversions by the number of installs, then multiplying by 100.
What is reconciliation with example?
A reconciliation involves matching two sets of records to see if there are any differences. Examples of reconciliations are: Comparing a bank statement to the internal record of cash receipts and disbursements. Comparing a receivable statement to a customer’s record of invoices outstanding.