A contract is a legally binding agreement or relationship that exists between two or more parties to do‚ or abstain from performing certain acts. A contract can also be defined as a legally binding exchange of promises between two or more parties that the law will enforce. For a contract to be formed an offer made must be backed with an acceptance of which there must be consideration. Both parties involved must intend to create legal relation on a lawful matter which must be entered into freely and
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Infrastructure Project Cost Estimating Work Breakdown Paul Hewitt‚ International Project Estimating Limited Introduction Construction Cost Estimating Work Breakdown Structure (WBS) The term WBS has become a common term in all fields related to Cost Engineering including Construction Cost Estimating‚ Scheduling and Project Cost Control. A well defined WBS is the backbone of good Construction Estimating Software and can take several forms including the breakdown of items within an estimate‚ the layout of
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elements required for formation of valid contract The contract law is a situation where law is related to business transactions. In the situations good are purchased‚ sold‚ as well as moved through the contract. The employees are hired‚ land are developed‚ sold‚ bought leased or financed under the contract. Most of the businesses are based under contracts. Generally‚ the contracts represent foundation of the most of the commercial activities and therefore contract law stands for one of the crucial areas
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Discuss | Print | | | | Works Contract Composition Scheme - Restriction on input credit for certain input services MARCH 01‚ 2011By Santosh HatwarWORKS Contract (Composition Scheme for Payment of Service Tax Rules‚ 2007 provides that a service provider engaged in provision of ‘works contract service’ has an option to pay an amount of 4% of the gross amount charged for the works contract.For this purpose the ‘gross amount charged for the works contract’ means an amount which includes the value
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STRAITS QUAY Task 1: The Straits Quay at Tanjung Pinang Figure 1: Map to Straits Quay‚ Tanjung Pinang Figure 2: At Straits Quay‚ Tanjung Pinang Straits Quay is a Mediterranean-style sea-front integrated development which is claimed by many to be one of the prominent landmark of Penang. Sited in Tanjung Tokong‚ this vibrant development neighbours Quayside and The Brezza. This masterpiece hosts marina‚ a retail mall serviced apartment. The marina us fully equipped with berths‚ pier‚ warehouses and
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verify invoices and requisitions for goods and services Verify that transactions comply with financial policies and procedures Prepare‚ verify‚ and process invoices and coding payment documents Prepare batches of invoices for data entry Data enter invoices for payment Process backup reports after data entry Manage the weekly cheque run Record all cheques Prepare vendor cheques for mailing List all vendor cheques in the log book NEW HIRE JUSTIFICATION REQUEST Date: 19/01/2013 Department:
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1. Tell me about yourself: The most often asked question in interviews. You need to have a short statement prepared in your mind. Be careful that it does not sound rehearsed. Limit it to work-related items unless instructed otherwise. Talk about things you have done and jobs you have held that relate to the position you are interviewing for. Start with the item farthest back and work up to the present. 2. Why did you leave your last job? Stay positive regardless of the circumstances. Never refer
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$162‚900. If the firm develops a cash shortage by the end of the month‚ sufficient cash is borrowed to cover the shortage. Any cash borrowed is repaid one month later‚ as is the interest due. The interest rate is 12 percent per annum. Required: Prepare a monthly operating budget for the first quarter with the following schedules: 1. Sales budget 2. Production budget 3. Direct materials purchases budget 4. Direct labor budget 5. Overhead budget 6. Selling and administrative expense
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NICMAR ASSIGNMENT COURSE NO.- PGPM-13 “CONSTRUCTION PERSONNEL MANAGEMENT” PREPARED BY : ROHIT KAMARAJU COURSE : PGPM -- 13 Reg. No. : 210-02-31-8000-2112 ASSIGNMENT NICMAR / SODE OFFICE 1. Course No. - PGPM 13 2. Course Title - Construction Personnel Management 3. Assignment No. - One You are a Project Manager on a site where works for 3KM long Tunnel has been undertaken. The site is remote and takes about 2 days travel to nearest town
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Part A Contracts are an integral part of business and everyday life‚ and are fundamental to construction as the industry relies on the formation of contracts for business agreements. “Contracts are based on the idea of a bargain‚ where each side must put something into the bargain. A contract may be defined as ’an agreement which is binding on the parties’” (Galbraith‚ 1998‚ pg78). There are a number of key components which must be present in the formation of such contracts. Firstly‚ there
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