Construction Planning and Management
Sinking fund is

Raised to meet maintenance costs
The fund for rebuilding a structure when its economic life is over
The total sum to be paid to the municipal authorities by the tenants
A part of the money kept in reserve for providing additional structures and structural modifications

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Construction Planning and Management
Mobilization advance up to 10% of the cost of work is given to a contractor

On commencement of work at site for payment of loan taken by him
For the payment of advances to labour and other staff
For the purchase of construction materials
For all activities required to start the work at site on finalization of the contract document

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