ECONOMIC OF COMPETITION INDIVIDUAL ASSIGNMENT INDONESIAN CONSTRUCTION BUSINESS GOES OVERSEAS A Journey to become International Construction Player By : MAHENDRA VIJAYA 1240002095 MM Executive Batch 16 BINUS BUSSINES SCHOOL CHAPTER I BACKGROUND : As Indonesian Largest Construction Copany‚ PT Wijaya Karya (Persero) Tbk. (WIKA) has Vision and Mission to be One of the Leading EPC (Engineering‚ Procurement and Construction) and Investment Company in Southeast Asia‚ which is in one
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The Construction of Fear Barry Glassner gives several different constructions on how we can transform‚ exaggerate‚ and invent fears. Fear is defined as a feeling of agitation and anxiety caused by present or imminent danger. But Barry Glassner defines it as constructed through efforts to protect against it. Society as a whole uses fear to profit financially‚ politically‚ or media driven by journalist. These three profits show how transforming‚ exaggerating‚ and inventing fear has shaped society
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Causes of Construction Disputes 1) Poor Contract Documentation that arises from the organizational system. • Inadequate or incomplete design information like information like Sizes‚ type‚ Colour‚ Make‚ Company etc is not mentioned in documents. • Ambiguities in contract documents like how the extra item will be settled‚ extension of time‚ liquidated damages etc. scope of work. The written (or unwritten) contract is what guides the parties’ expectations as to payment and performance. The contract
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to the downstream side of the dam. All fill dams depend on weight to remain stable. Fill embankments are usually less expensive to construct than concrete dams. Soil or rock are present at the site‚ and construction techniques‚ though complex‚ are also less costly than for concrete construction. For these reasons of available materials‚ low cost‚ and stability with
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CONSTRUCTION MANAGEMENT Chapter 4 Construction contracts. Author: Paweł Kotas‚ Polska Construction as a service activity having many dimensions. Starting from ideas‚ thru find funds‚ investor‚ design construction‚ find contractor‚ phase of construction‚ meet the requirements which investment needs to be in use and complete facility. All these aspects are associated with large amounts of documents‚ permits. In this essay will be described various types of contracts between the investor and
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Everyone ’s life is affected by social construction. This is the belief that social standard is determined by society‚ and it is formed by the individuals that belong to the society. Just Like when an individual thinks of a doctor‚ lawyer‚ priest‚ engineer‚ or manager‚ they usually picture males. Similarly‚ the nurses‚ teachers‚ and housewives might be purely female professions in our society. This is social constructionist thought on the role of equity and equality should play in today ’s society
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Option B a) Late Interim Payments by Employer The various contractual provisions in relation to the late interim payments by the Employer will be addressed with the use of the JCT Standard Building Contract With Quantities 2005 Edition (JCT SBC05) Revision 2 2009. According to Clause 4.13.1 of the (JCT SBC05) Rev 2 2009‚ the Employer is obliged to pay the amount due as stated in the Interim Certificate within 14 days from the date of issue. According to Clause 4.13.3 & 4.13.4 of the (JCT SBC05)
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CONSTRUCTION CONTRACTS IAS 11 – DEFINATION IAS 11 defines a construction contract as: a contract specifically negotiated for the construction of an asset or a combination of assets that are closely interrelated or interdependent in terms of their design‚ technology‚ and function for their ultimate purpose or use. IAS 11 – TREATMENT Where possible‚ IAS 11 applies the accruals concept to the revenue earned on a construction contract. If the outcome of a project can be reasonably foreseen‚ then
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Building Construction A A I T G ROUP M E M BE R S : Messay Debebe (ETR/1590/03) Said Ahmed (ETR/1590/) Zenebe Kinfe (ETR/3909/03) Rediet Solomon (ENR/4352/04) Biya Gadisa (ETR/0228/03) D E P A R T M E N T O F C I V I L E N G I N N E R I N G Acknowledgement First of all we would like to tank out teacher w/t Selam Yazew for giving us this chance to observe the hands-on Design of a building and practice what we have learned in the class room . We also would
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same page the work will come to a crawl. Me and my team as well as project manager will set the bar‚ leading by example setting the standard at the 1st phase to final phase through time‚ quality‚ and safety. Time * We will implement lean construction working efficient maximize our value bringing in materials‚ as need to minimize our waste. For us to do this me some of my team and project manager will meet with my subcontractors once a week where we will coordinate key items and we look into
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