Accounting Practices in Construction Firm: A Case Study on Concrete and Steel Technologies Limited

Abstract

Construction firm business in Bangladesh is a recent phenomenon and mainly concentrated in the Bangladesh. As a successful business, Construction firm sector should get extreme care and concern from government. Along with policy, this sector should get adequate support to survive and serve the people. Now days by recent few years Construction firm companies are facing problems to sale their flats and ready flats to handover for reason of high pricing. Customers are avoiding buying a flat rather than wishing to live in a rent house. The price hike of apartments is a major and debatable issue in the Construction firm sector of Bangladesh. The Construction firm developer companies are criticized of charging a lot of money for an apartment. In recent years, apartment’s price increased due to the unimaginable increase in land price as well as sharp increase in prices of the construction materials. That is why the sale of all type of flats, apartments, and lands decreases. For price hike ready flats are remain unsold and companies are counting huge lose. For high price, general customers are avoiding to buy new flats and apartments. The sales peoples are facing difficulties when bargaining with the customers about price.