Commercial & contracts
Turn a change into a paid variation
Capture a scope change while it is fresh, price it as a contract variation on your agreed r…
3 steps11 minOpen
Cases / Commercial & contracts
Commercial & contracts
Register the project under RERA and file the quarterly report
Decide whether the scheme needs registration, register it with the completion date you can defend, quote carpet area everywhere, then keep physical and financial progress in a shape the quarterly return can be produced from without a scramble.
How it works, step by step
5 steps across the platform - what you do at each one, and why it matters.
1
Settle what counts as the project before you register it
Property DevelopmentSet the scheme up with its land area, unit count and phasing, and check it against the registration threshold the state authority applies. Decide which phases are registered separately and which are one project, and record why.
Why: Phasing decides the completion dates you will be held to, and it is easier to argue before registration than after. A phase registered inside a larger project inherits that project's date even when its own work is shorter, and nothing later undoes that.
InThe scheme and its phasingThe state authority's thresholdOutWhether registration is requiredWhat is registered as one project
2
Register with a completion date the programme supports
Authority SubmissionsLodge the registration with the state authority and keep the submission, the approvals it relied on and the certificate itself against the project. Record the declared completion date where the programme can be read against it.
Why: The declared date is the most expensive sentence in the application, because delay past it is compensated to buyers on everything they have paid. A date taken from the sales plan rather than from the programme is a liability accepted at the moment of registration, in writing, in public.
InSanctioned plans and approvalsThe programme behind the dateOutRegistration on file with its numberThe declared completion date
3
Measure carpet area and use it everywhere
Quantity TakeoffMeasure each unit to the definition the Act uses, the net usable floor area within the walls, and make that figure the one the agreement, the marketing material and the internal cost per unit all run on.
Why: Two area bases in one organisation is not a documentation problem, it is a pricing problem. Cost per unit computed on one basis and price per unit quoted on the other is wrong by whatever the loading factor is, quietly, on every unit in the scheme.
InUnit drawingsOutCarpet area per unitOne area basis everywhere
4
Keep physical and financial progress on the same spine
ProgressRecord progress element by element, foundation, structure, external walls, internal finishes, services, external development, and keep the money committed and spent against those same elements rather than against a separate cost code.
Why: The quarterly return asks for physical and financial progress side by side, and the two are read against each other by anyone looking for trouble. Recording them on one structure makes that comparison an output; recording them separately makes it a quarterly reconciliation exercise, done in a hurry, under a deadline.
InWork done on siteMoney spent and receivedOutPhysical progress by elementFinancial progress against it
5
Produce the quarterly return, and read it as a warning
ReportsGenerate the quarter's report from the progress records, with the status of each approval and the photographs for the period, file it with the authority, and compare the trend against the declared completion date.
Why: Four returns show a trend the fourth quarter cannot hide. A developer who reads them as an early warning has a year to act on a slipping date; one who treats them as filing finds out at handover, when the only remaining options cost money to buyers.
InThe quarter's progress and approvalsOutThe quarterly return, produced not assembledEarly warning on the declared date