Abstract Europe’s sovereign debt crisis has captured the attention of people all over the world. The crisis is the result of several structural problems in the European Union‚ as well as the individual mistakes of some countries. The several effects of the crisis are varied and go from a European bank’s crisis‚ to potential default contagion to other countries‚ and the possibility of the separation of the European Union. European leaders seemed unable to act quickly and agree in a plan of action
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The Call for Sustainable Construction The construction of buildings in the United States accounts for thirty percent of waste output annually. The construction of these buildings also consume seventy-one percent of the total electrical energy in the U.S. Due to the diminishing health of our planet‚ it is evident that sustainability in construction is a necessity. Sustainable‚ or green‚ buildings are not only beneficial to the planet‚ but also to the owner‚ the designer‚ and the builder. Sustainable
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What is ‘Insurable Interest in a Maritime Insurance Policy’ The term “insurable interest” refers to the benefit (or interest) a person has in an insured object (or person – as in a life insurance insurable interest). This benefit can refer to a financial benefit‚ among others. A person has insurable interest in a thing when he or she would experience some kind of loss (financial or otherwise) if the thing were to be damaged or lost. Say that you have piece of jewelry in your home that is also a
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P * Procurement Definition: A basic definition for the procurement is “the way the building is realised” and “involves assembling and organising the skills and services of a team of construction professionals”. (the Construction Round Table‚ 1995). More precisely‚ the construction industry describes procurement as “a system that establishes the roles and relationships which make up a project organisation”; hence the overall organisation and communication structure for the management‚ administration
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COMPOUND INTEREST Making or Spending Money SIMPLE INTEREST FORMULA If a principal of P dollars is borrowed for a period of t years at a per annum interest rate r‚ expressed as a decimal‚ then interest I charged is I Pr t This interest is not used very often. Interest is usually compounded which means interest is charged or given on the interest and the principal. Simple Interest Example COMPOUND INTEREST Payment Periods: Annually Once per year Semiannually Twice per year Quarterly
Free Compound interest Time value of money
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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among other things include economic‚ socio-cultural and political dynamics (Holland‚ 1996; James & Prout‚ 1997; Sorin & Galloway‚ 2005). The purpose of the following analysis is to examine nine images of children being depicted in today’s media and identify the different constructions of childhood that they promote. The three social constructions of childhood that have been identified in these images include: the child as vulnerable (Simpson‚ 2005)‚ the child as innocent (Woodrow‚ 1999) and the child
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Discuss the Company: * Located in Cleveland‚ Ohio * Mechanical contracting business‚ specializing in specialty construction projects in food and beverage manufacturing facilities. * “Custom-built” contractor‚ using primary stainless steel to build the vessels and piping necessary for assembly lines in food & beverage processing. * They work on a project-by-project basis‚ for which it provides engineering design and construction expertise to its clients. * Required relatively little
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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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In Debt We Trust It is common knowledge that public debt is one of the basic topics in macroeconomics. Debt is actually a certain amount of goods or money (mostly money) owed by one side to another. There are various types of debts‚ from personal debts to debts by the government. The US public debt is the amount of money owed by the United States federal government to creditors. National and individual debt combined total well over $10 trillion. The video notes how credit card
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