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mergers and acquisitionmergers and acquisitions m and a is a corporate finance strategy that helps companies to attain their objectives and financial
termination of contract and conditions for terminationone event which can arise in contract performance management is an extreme
change order managementin previous section we learnt that incentives motivate and penalties keep a check for faults that occur in a project in this
incentivesthese are rewards given when vendorcontractor exceeds your expectation incentives should increase contractors profit incentives can be
penaltypenalties should aim at fixing a problem when it arises and ensuring that it does not recur guidelines to note while stipulating penalties are
areas of risk and causes of riskbelow are mentioned few areas and causes of risk the term bdquooperator used in this listing means the owner you who
risk classification based on where risk control liesfrom the point of view of where risk control lies five classifications of risk can be listed
controlling risksrisk management is not just providing for uncertainties - it is management of risks considering the combination of the probability
contract close-out contract close-out begins with checking for physical completion ie whether all services have been
hello i have an assignment i need to complete in the next 6 weeks and want to know how your service works it is 1 of 2 modules i require to complete
back charging back charging the contractor arises when a certain scope of work included in the contract is either not carried out or carried out
claims claims can be initiated by both parties involved claims are settled through negotiation adherence to contract terms or a mutually agreed
progress billings and payments payment is the valuable control tool in your hands you should ensure that progress
the areas to be considered while monitoring and controlling a contract are wide spread they arephysical mobilisation in this stage the contractor
monitoring and controlling technical and operational performance of contracts contractorsmonitoring and controlling of a
control of contractsthe contract control process commences right at the beginning stage of bid document preparation inviting contractors to bid and
flexibility in contractsin the 1 and 2 modes the single entity is the lump sum turnkey contract lstk epc contractor and the d-b contractor
control and flexibility in contractscontracts form the backbone of project management today project management techniques have developed in response
understanding body language body language implies non verbal communication that involves body movements what we try to deliver through verbal
verbal communication the verbal communication is split in three sections as under grammar informal speech often uses abbreviations
communication in negotiations in this section we will analyse the importance of communication both verbal and non-verbal negotiators understand
executing the agreement a successful negotiation leads to the signing of a contract by the parties after incorporating all the mutual
some detailed important dos and donts while conducting negotiations are given hereunder dos know your authority as a negotiator and that of
rules of thumb for a competitive negotiation stick to your planned target and walk away points you are likely to get a better overall