Dear All,
We need to implement project management and accounting in our company, below are the points related to our business
1. We deal with projects that is related to construction e.g. Mall, offices etc.
2. We own these construction projects but outsourced to different companies.
3. We make agreements with outsourced companies and agreed on cost of each sub-project.
4. We purchase the items (like steel, cement etc.) for each project our-self and deduct the amount from the decided cost (invoice) of outsource company.
5. After completion of project remaining amount will be given to each outsourced company that is associated with project.
Anyone have any idea what project type we can use?
How we can manage our outsourced companies in each sub-project?
Thanks
-Rahat Ali