Government of India
Ministry of Finance
Department of Expenditure
Chief Adviser Cost
For Hindi
Message from CAC on ICoAS Day 2021
WELCOME TO THE WEBSITE OF OFFICE OF CHIEF ADVISER COST
Skip Navigation Links
Skip Navigation Links
 
Allocation of Business
"Advice to Ministries and Government Undertakings
on Cost Accounts matters and attend to Cost
Investigation work on their behalf."
 


  Function of the Office of Chief Adviser Cost

    O/o Chief Adviser Cost is rendering advice to the Central Government Ministries/Departments/ Organizations on complex Price/Cost related issues and financial matters which covers a wide spectrum of sectors/areas. O/o CAC is currently engaged in the following major thrust areas :

  • Vetting of claims under Price Support Scheme, Market Intervention Scheme and Price Stabilisation Fund for Perishable Agriculture produce and Cereals submitted by Implementing Agencies and State Governments.

  • Determination /fixation of fair prices of the products and services supplied/rendered by PSUs to the Government.

  • Subsidy payable to Northern Railway for Catering Units functioning in Parliament House and PMO.

  • Representing in Revised Cost Committee of the various Ministries and Departments to identify the specific reasons behind time and cost overrun of projects and schemes.

  • Participating in EFC/PIB and other Inter-Ministerial Committees.

  • Time and Cost Overrun of major projects.

  • Examination of cost estimates, evaluation of the financial feasibility and other financial parameters of the High value Infrastructural Projects like Rail, Highways, Power, Education Sector etc. referred by DoE.

  • ICoAS Cadre Management and related administrative issues - it broadly encompasses Recruitment, Posting/Transfer, Promotions and Training requirements of ICoAS Officers.