2018 Summer Model Answer Paper
2018 Summer Model Answer Paper
2018 Summer Model Answer Paper
(Autonomous)
(ISO/IEC - 27001 - 2005 Certified)
Model Answer: Summer 2018
Subject: Contracts and Accounts Sub. Code: 17603
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Important Instructions to examiners:
1) The answers should be examined by key words and not as word-to-word as given in the model answer
scheme.
2) The model answer and the answer written by candidate may vary but the examiner may try to assess the
understanding level of the candidate.
3) The language errors such as grammatical, spelling errors should not be given more importance. (Not
applicable for subject English and Communication Skills.)
4) While assessing figures, examiner may give credit for principal components indicated in the figure. The
figures drawn by the candidate and those in the model answer may vary. The examiner may give credit
for any equivalent figure drawn.
5) Credits may be given step wise for numerical problems. In some cases, the assumed constant values may
vary and there may be some difference in the candidate‟s answers and the model answer.
6) In case of some questions credit may be given by judgment on part of examiner of relevant answer based
on candidate‟s understanding.
7) For programming language papers, credit may be given to any other program based on
equivalent concept.
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Que. Sub. Total
Model Answers Marks
No. Que. Marks
Q. 1 (a) Attempt any THREE of the following: 12
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MAHARASHTRA STATE BOARD OF TECHNICAL EDUCATION
(Autonomous)
(ISO/IEC - 27001 - 2005 Certified)
Model Answer: Summer 2018
Subject: Contracts and Accounts Sub. Code: 17603
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Que. Sub. Total
Model Answers Marks
No. Que. Marks
Q. 1 Ans. Sr.
Item Rate Contract Percentage Rate Contract
No.
1. In this contract, the contractor In this contract, the contractor
agrees to work as per the rates agrees to carry out the work at a
quoted by him for each item. certain percentage below or
above the estimated cost.
2. This is useful when the quality This is useful for the work of all
of work is required and also nature with no item-wise rates.
quantities of work to be
executed are not known 1 each 4
previously. (any
3. Suitable for most of public Suitable for all type of four)
works executed by government government as well as private.
departments.
4. It is difficult to prepare It is easy to prepare
comparative statement. comparative statement.
5. Extra items can be cause of It allows extra items.
dispute
6. Contractor can submit No Scope for contractor to
unbalanced tender. submit unbalanced tender.
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MAHARASHTRA STATE BOARD OF TECHNICAL EDUCATION
(Autonomous)
(ISO/IEC - 27001 - 2005 Certified)
Model Answer: Summer 2018
Subject: Contracts and Accounts Sub. Code: 17603
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Que. Sub. Total
Model Answers Marks
No. Que. Marks
Q. 1 (b) Attempt any ONE of the following: 6
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MAHARASHTRA STATE BOARD OF TECHNICAL EDUCATION
(Autonomous)
(ISO/IEC - 27001 - 2005 Certified)
Model Answer: Summer 2018
Subject: Contracts and Accounts Sub. Code: 17603
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Que. Sub. Total
Model Answers Marks
No. Que. Marks
Q. 2 Attempt any FOUR of the following: 16
4 4
Page | 4
MAHARASHTRA STATE BOARD OF TECHNICAL EDUCATION
(Autonomous)
(ISO/IEC - 27001 - 2005 Certified)
Model Answer: Summer 2018
Subject: Contracts and Accounts Sub. Code: 17603
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Que. Sub. Total
Model Answers Marks
No. Que. Marks
Q. 2 (c) State advantages and disadvantages of lumpsump contract.
Ans.
Advantages of lumpsump contract:
1. Total cost of project is known before completion of work.
2. Progress of work is fast. 1 each
(any
3. Owner need not require to appoint staff to maintain accounts.
two)
4. Contractor can derive more profit by proper planning.
5. Detailed measurement of work is not required except in case of
addition and alteration.
4
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MAHARASHTRA STATE BOARD OF TECHNICAL EDUCATION
(Autonomous)
(ISO/IEC - 27001 - 2005 Certified)
Model Answer: Summer 2018
Subject: Contracts and Accounts Sub. Code: 17603
---------------------------------------------------------------------------------------------------------------
Que. Sub. Total
Model Answers Marks
No. Que. Marks
Q. 2 (f) What is first and final payment? Which form number is used for
it?
Ans. First and Final Payment:
A single payment made for a small job or small work on its
completion is called as “first and final payment”.
This type of payment is usually made or applicable for small work
only. For example, construction of sanitary block for school building,
component wall construction, septic tank construction, ornamental 3
grill work, demolishing existing structure etc. are the examples of
small work for which the first and final payment are made to the 4
contractor.
Form number 24 is used for it. 1
Example
Item Particulars of Qty. Tendered rates in Rs.
No. Item P Q R
1. Excavation in 500/m3 Rs. Rs. 12/-m3 Rs. 30/-
soft soil 40/-m3 m3
2. Excavation in 300/m3 Rs. Rs. 25/-m3 Rs. 60/-
soft 40/-m3 m3
3. Excavation in 200/m3 Rs. 3
Rs. 80/-m Rs. 2 4
hard 40/-m3 100/-m3
4. C.C. bedding 100/m3 Rs. Rs. 500/- Rs.
1:4:8 400/- m3 300/-m3
m3
5. Plastering in 800/m2 Rs. Rs. 20/-m2 Rs. 8/-
C.M. 10/-m2 m2
1:4
6. Oil painting 500/m2 Rs. Rs. 10/-m2 Rs. 5/-
10/-m2 m2
Total for the Rs. Rs. Rs.
items 95.000 1,00,500/- 1,11,900
/- /-
Remarks Lower Second Third
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MAHARASHTRA STATE BOARD OF TECHNICAL EDUCATION
(Autonomous)
(ISO/IEC - 27001 - 2005 Certified)
Model Answer: Summer 2018
Subject: Contracts and Accounts Sub. Code: 17603
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Que. Sub. Total
Model Answers Marks
No. Que. Marks
Q. 3 Here the contractor P has quoted very high for Item No. 1 and very
low rate for Item No 3. He expects by his judgment and experience
after visiting the site, that the quantity of excavation in soft exceeds
the estimated quantity double and the excavation in hard rock and soft
rock is negligible.
Need of Arbitration:
1. During execution of work owner and contractor may come across
situations where disputes may arise. To settle this disputes arbitration
is needed. 2 4
2. Arbitration is needed for fair resolution of a dispute by an impartial
tribunal or an experienced person.
Page | 7
MAHARASHTRA STATE BOARD OF TECHNICAL EDUCATION
(Autonomous)
(ISO/IEC - 27001 - 2005 Certified)
Model Answer: Summer 2018
Subject: Contracts and Accounts Sub. Code: 17603
---------------------------------------------------------------------------------------------------------------
Que. Sub. Total
Model Answers Marks
No. Que. Marks
Q. 4 (a) Attempt any THREE of the following: 12
Envelope I: It contains,
1. Covering letter to tender.
2. This envelope contains earnest money deposit in the form
indicated in the notice of invitation to tender.
3. Income tax clearance certificate.
4. Solvency certificate from bank.
5. Certificate of registration as contractor.
6. Details of technical personal as contractor.
7. List of work of similar nature and magnitude carried out by 2
tenderer.
8. Details of plants and machinery available.
9. Complete details of work in hand at the time of submission of
tender.
10. Details about firm. Covering letter to tender.
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MAHARASHTRA STATE BOARD OF TECHNICAL EDUCATION
(Autonomous)
(ISO/IEC - 27001 - 2005 Certified)
Model Answer: Summer 2018
Subject: Contracts and Accounts Sub. Code: 17603
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Que. Sub. Total
Model Answers Marks
No. Que. Marks
Q. 4 (iii) Enlist various types of specification and explain any one in detail.
Ans. Types of specification:
1. Brief specification.
2. Detailed specification. ½
3. Standard specification. each
4. Manufacturers specification.
OR
OR
OR
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MAHARASHTRA STATE BOARD OF TECHNICAL EDUCATION
(Autonomous)
(ISO/IEC - 27001 - 2005 Certified)
Model Answer: Summer 2018
Subject: Contracts and Accounts Sub. Code: 17603
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Que. Sub. Total
Model Answers Marks
No. Que. Marks
Q. 4 (b) Attempt any ONE of the following: 6
Objectives of B.O.T.
1. To encourage private investment. ½
2. To promote foreign investment, techniques and technology in each
country.
Advantages of B.O.T.
1. Use of private sector financing to provide new source of
capital. 1½
2. Accelerate the development of project.
3. Use of latest techniques and machineries for fast completion of
projects.
Disadvantages of B.O.T.
1. Not suitable for Small works.
2. Transaction costs are high.
3. The success of B.O.T. project depends upon successful rising 1½ 6
of necessary finance.
(ii) What are the points to be confirmed before making final bill?
Ans. Points to be confirmed before making final bill:
1. The junior engineer should certify the satisfactory completion
of work.
2. All measurement should be taken accurately.
3. All entries in the measurement book with regards to
measurement and quantities of work are checked.
4. The description of item is according to the contract schedule.
5. The quantities executed are according to the sanctioned plans 1 each
and estimate. (any 6
6. Arithmetical calculations of measurement of quantities of item six)
are verified.
7. When the bill is running account, then it is compared with the
quantities etc. with the previous bills.
Page | 10
MAHARASHTRA STATE BOARD OF TECHNICAL EDUCATION
(Autonomous)
(ISO/IEC - 27001 - 2005 Certified)
Model Answer: Summer 2018
Subject: Contracts and Accounts Sub. Code: 17603
---------------------------------------------------------------------------------------------------------------
Que. Sub. Total
Model Answers Marks
No. Que. Marks
Q. 5 Attempt any TWO of the following: 16
(a) Draft a tender notice for construction of Boys hostel at your place
costing Rs. 2.5 Crore. Assume suitable data.
Ans. Assumptions :
1. Authority inviting tender is Executive Engineer.
2. Situation at______.
Tender Notice
(Public Works Department)
No. : Date :
Sealed item rate tenders in form „B2‟ are invited by Executive 2
Engineer P.W.D. Division, _______ from registered contractors of
class III for following works.
(b) Suggest the suitable rent per month for a building having plot
area of 300 m2 purchased at Rs. 300/ m2 construction area is of
150 m2 @ 1500/ m2
Total out goings are 30% of gross rent.
Returns expected on construction cost @ 12%
Returns expected on cost of land @ 8%
Ans. Given:
2 2
Plot area = 300 m @ Rs. 300/ m
2 2
Building = 150 m @ Rs. 1500/m
Total out goings = 30% of gross rent.
Que. Sub. Model Answers Marks Total
Page | 11
MAHARASHTRA STATE BOARD OF TECHNICAL EDUCATION
(Autonomous)
(ISO/IEC - 27001 - 2005 Certified)
Model Answer: Summer 2018
Subject: Contracts and Accounts Sub. Code: 17603
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No. Que. Marks
Q. 5 Returns expected on construction cost @ 12%
Returns expected on cost of land @ 8%.
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