it possible for one standard form of construction contract to meet the need of every project? Discuss by reference to at least two forms in common use in industry. | 2 | 1.0 | What is a Construction Contract? | 2 | 1.1 | Why use a standard form of contract? | 3 | 2.0 | Different forms of contract | 3 | | 2.1 PWD (Public Works Department) FORM OF AGREEMENT | 4 | | 2.2 FIDIC | 4 | 3.0 | Main differences between both forms of contract | 6 | | 3.1 Payments | 7 | | 3.2 Variation
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Why do they call these contracts derivatives? Where is the optionality in these contracts? Weather derivatives structures commonly used are: i) cap - a call option; ii) Floor - a put option; iii) Collar - a put and a call option‚ usually with little or no premium; iv) Swap - a derivative with a profit and loss profile of a futures contract v) Digital option - an option that pays either a predetermined amount if acertain temperature or degree day level is reached‚ or nothing at all in other
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How far was Labour’s election victory in 1945 due to changes in social attitudes during the second world war? (24 marks) After the war had finished Labour enjoyed a political victory in 1945‚ they were now in charge of making the policies and choices that would best suite Britain at this rough time of economic depression. Their success was down to many different factors both during and after the war. factors such as the public wanting rid of the total war memories that are held within the conservative
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Faculty of Business and Law UWE BA (Hons) Tourism Management– Year 2 Module: Human Resource Management (UMPD3E -20-2) Module Leader: Anthony Fenley Student Number: 12022651 Definition The psychological contract has been defined as ’A set of unwritten reciprocal expectations between an individual employee and the organization’ (Schein‚ 1978) and ’…the perceptions of the two parties‚ employee and employer‚ of what their mutual obligations are towards each other’ (Guest and Conway
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CHILD LABOUR Who really makes your clothes? Of course we all love a good shop-most of your pocket money probably goes on latest high street labels. But although that top you bought last weekend might look good hanging on your wardrobe‚ would you be so chuffed if you know who made it? Maybe you have to empty the dishwasher‚ tidy the house or wash your folks car for your pocket money. But imagine having to work for 12 hours a day-without any kind of break-in a dusty‚ dirty factory for only a few pence
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LABOUR COST ACCOUNTING. It is concerned with identifying the amount of labour costs to be changed to jobs and overhead accounts. Where a manufacturing organization operates a job costing system‚ information on the labour costs should be properly captured from the following documents:- i) Job Cards: This is open for each job‚ when the job is started‚ the time of starting is entered on the job card and when it is completed‚ the completion time is also entered. The difference between the two
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ANALYSIS ON EXISTING RELATION MACHINERY IN COAL INDIA LIMITED AND ITS SUBSIDIARY COMPANIES Introduction: Industrial Relations‚ Industrial disputes & its grievance handling mechanism Industrial relations constitute one of the most delicate and complex problems of the modern industrial society. In the broad sense‚ industrial relations cover all such relationships that a business enterprise maintains with various sections of the society such as workers‚ state‚ customers and public who come into its contact
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ETHICS IN CONTRACTS Abstract: When creating a contract‚ a negotiator is not only doing so to reach an agreement between two or more parties‚ but to create an agreement that is durable; whereby parties of the contract are legally bound and committed to its promises . “A legally binding contract is defined as an exchange of promises or an agreement between parties that the law will enforce‚ and there is an underlying presumption for commercial agreements that parties intend to be legally
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at adults. This is because adults have the ability to voice out and take action against child labour in the society‚ they are able to give a helping hand to the children. This speech also aims at middle to high-income groups as Kelley is trying to draw their attention towards the issue of child labour. The purpose of the speech is to inform people about the consequences and negative impact of child labour on children. Most importantly‚ Kelley makes effective use of language‚ numerical figures and
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Contract A contract is a promise between two or more persons involving the exchange of some good or service. Some of the basic elements of a contract include: an offer and an acceptance; "capacity‚" or being of legal age and sound competence; "mutual assent‚" or agreement on the terms of a contract; and "consideration‚" or compensation for goods or services rendered. The element that distinguishes a contract from an informal agreements is that it is legally binding:the law provides
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