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Multiple contracts are available for procuring products and services by an organisation. The contracts to be used while procuring products and services are based on the marketplace, the type of project, and the nature of products or services. These contracts can be categorized into the following types Fixed-Price Contracts Cost Reimbursable Contracts Unit Price Contracts […]
In an off take contract, there is an agreement between the project company and the buyer. It is negotiated much before the construction of the facility in order to make the market secure for the future output of the facility. This contract provides the project company stable and sufficient revenue which helps in paying its […]
PPP stands for Public Private Partnership. The following are different types of PPP: Management contracts It is a type of PPP in which the public sector enters into an agreement with the private sector for managing a whole or a part of a public enterprise. In such a contract, the ownership is retained by […]
PPP stands for Public Private Partnership. The following are different contract forms in PPP: Management contracts Lease/Affermage Concessions Private Ownership of Assets Management contracts: In these contracts, the public sector retains the ownership of the contract and enters into an agreement with the private sector for managing a whole or a part of a […]
The Co-operative Benchmarking Approach to Partnering (COBAP) involves partnering as a long term approach for customer satisfaction, continuous learning and competitive advantage. It contains the following steps. Developing the COBAP team Identifying needs and their solutions Finding the current performance gap Gaining commitment to the needs of change Developing action plans Implementing actions and monitoring […]
Structure of the contract is an important thing in the contract. The following are the parts of the contract structure Preamble Recitals/Introductions Body of the contract Specific provisions Boiler plate Ending and signatures Preamble: The Preamble is an introductory statement of facts or assumptions upon which a contract is based. It covers information such […]
Bidding can be defined as a process of setting a price that an individual is willing to pay for buying a product or service (as in an auction) or for selling a product or service (as in project tenders). It can also be defined as a process to determine the price of a product, and […]