Completion Reports
Source: 17th Chapter of Engineering Code
At the time of closing of Construction works, any items which were in progress should be completed and the accounts of the Project should be closed as soon as possible.
To bring into account all charges and credits pertaining to the Project.
Take steps to liquidate all outstanding liabilities.
Clear Suspense balances.
Pay up outstanding Contractor’s claims
Dispose of all surplus stores and tools and plants returned from work.
After all charges and credits relating to the Project have been booked in the accounts of the Project, a CR - Completion report of the Project should be prepared.
Objects:
To compare the cost of work actually constructed with those provided in the last sanctioned estimate .
To close the accounts of the work.
To serve as a lesson to prepare the estimates for similar future works more realistically.
To regularise the excess over sanctioned estimate
To transfer the expenditure reported in CR to Open Line through TWFA
Example: Suppose the Completion estimate is sanctioned in June, 2018. The end of the Financial year is March, 2019. Hence the due date for submission of Completion Report is 18 Months from March, 2019 i.e., September, 2020.
COMPLETION REPORT FOR THE WORK................
Particular Heads of Account and Description of works | Amount of Estimate with reference to authority for sanction | Actual Expenditure | Difference | Remarks & Explanations |
Excess | Saving |
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Excesses: Not less than 10 % or Rs. 25000 whichever is less over the Estimate - Sub work wise.
Savings: Not less than 20 % or Rs. one Lakh whichever is less over the Estimate - Sub work wise.
CR of New Railway Lines: Accompanied by a Comparative statement showing the literal prospects of the line as anticipated and updated with ref to the Completion Cost. While working out, the changes happened for the estimate of Earnings up to the date should have been taken into account while working out the financial prospects.
Should be considered as completed when it funds the purpose for which it when sanctioned, was intended,
and when there has been no expenditure thereon for 3 months thereafter.
All outstanding debits and credits - as a rule adjusted in the account of work within 3 months of the date of completion.
The account of a completed - should be closed 6 months after the date of completion and CR should be drawn.
CR should be prepared in the same work as that for works costing over Rs. One Crore.
Explanations: Excesses and Savings - 5% or Rs.10000 whichever is less.
Should be submitted within 6 months of the Completion of the Work.
No expenditure is recorded for 3 consecutive months - Accounts officers should call for the CR.
Uncompleted Works - The executive officer should advise the Accounts Officer of the probable dates of completion and submission of the completion reports.
Abnormal delay in the submission of reports by the executive officers should be brought to the notice of the Head of the Railway Administration by the accounts Officer.
The authority who accorded the Administrative approval to the work for information or regularisation.
Structural & Track Renewal works or Works costing over Rs.2.5 Crores included in the Budget with prior approval of Railway Board or Out of Turn works sanctioned with the administrative approval of Railway Board being beyond the GM’s powers - GMs
Where Material modification involved or beyond the GMs powers - Railway Board.
Accounts verification:
Check that the CRS have been prepared in the proper form
Check the entries with the particulars of sanction and booked outlay.
Correctness of postings of all final bills in the CR
Test checking the correctness of a percentage of other items.
Satisfactory explanations for excesses and savings.
Unused materials are returned to Stores or transferred elsewhere and the account of work credited with their value.
CRRM - Credits for the Railway Released Materials provided in the estimate - adjusted against the work or not
Verification Certificate should state the authority competent to sanction the outlay in the Report.
Completion Statements:
In case of works - Expenditure on such works is within the competence of the Head of Railway to sanction. Formal CR on the prescribed form need not be prepared.
All information required in CR, the Accounts officer certificate and the sanction of the competent executive authority may be recorded in the Works Registers under the relevant columns.
Reference to estimate.
Amount of sanctioned estimate.
Actual expenditure as finally booked.
Brief explanation of excess or saving.
Problems facing drawal of CRs
Works Registers not being up to date
Old works –no Records
Final Bills yet to be passed
Adjustments pending
No Funds
Arbitrations and Disputes
Lethargy and Slackness
No adequate monitoring at higher levels
Frequent changes in staff/Jurisdictions
Lack of interest & guidance
Large variations in Cost and Sanctions
Non-realisation of Credits
Vigilance Cases/Audit Objections
Mobilisation Advance remaining unrecovered
Compensation for land acquisition not finalised in courts
Suggestions:
Reconciliation of Works Registers with the records available in the Accounts Office.
Draw up provisional CR in case any Arbitration case is pending or balances lying under MAS or MAC (Risk & Cost)
Submission of Part CRs to the coordinating Dept for inclusion in the General CR.
Finally, after the sanction of Competent Authority is obtained, action is to be taken to write to Sr.EDPM to close the work code, for stopping further printing of Works Register.
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