the contract sum that you are currently tendering on. You ask the client to remove the bond requirement from the contract entirely‚ or at the worst‚ reduced to 10%. The client says this request is unacceptable‚ as their exposure would be too high and would subject them to too much risk. They also claim that the end customer‚ the Shanghai City Government Board‚ is demanding 20% retention from all the primary contractors for the entire project. Details: Supplier: Park Pipe Ltd‚ Seoul. Contractor:
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Doha Climate Change Negotiations: Moving Beyond the Dueling Dinosaurs to Bring Together Equity and Ambition The vast plenary hall was nearly empty. Nation after nation had ministers and negotiators stand up for their three minute statements on the progress of these 18th annual climate negotiations taking place in the cavernous Qatar National Convention Center in the desert near Doha. Slim and greying American lead negotiator Todd Stern mounted the steps to deliver what everyone assumed would be
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“Real world” negotiation reflection Introduction As the senior manager‚ I finish the annual performance evaluation of my team members in January. After finishing evaluation I will hold interviews with them‚ talk about their efforts and the plans for this year. Lilly is one of my team members with a better knowledge of the logistics industry. Based on her performance in 2012‚ her annual performance is rated B+ and she can get 8% increase in year-end bonuses. In addition‚ I plan to promote her
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The negotiation was fast. BebsiCo gave me a price for a yearly contract of $4 M and I agreed. We agreed to negotiate again next year after seeing the percentage of the target market we have reached. The deal was fair‚ and created value for me (reputation and possibility to obtain financing). I also noticed them about the availability to distribute in the largest chain-restaurant in the country (low cost for us‚ high value for them). This was an example of a claiming value negotiation‚ where
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Negotiation simulation: The Pakistani Prunes The case is about a negotiation with a competitor to buy Pakistani prunes in order to use them to save lives. In fact‚ being a world leader of genetic engineering processes‚ I need Pakistani prunes to work on people. However‚ my direct competitor needs Pakistani prunes too and we have to find a deal before the day after. The outcome has been buying fifty-fifty in the short term. In fact‚ we agreed to share the limited resources on the short term
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Explain the gains from trade and the implications for trade negotiations Trade is the transfer of goods and services from one person or entity to another in return for something in exchange from the buyer. The fundamental force that drives trade is David Ricardo’s law of comparative advantage; that is‚ the ability of an individual or group to carry out a particular economic activity (such as making a specific product) more efficiently than another activity. One country cannot have a comparative
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Negotiation about Virgin conflict A brief summary This was a dispute conflict between Virgin Airlines and its pilots about the delayed pay in 2011. Although the government intervened this case‚ pilots in Virgin Atlantic was not able to reach agreement with the airline on an overdue pay and conditions settlement. In fact‚ the increasing pay did not found since 2008. The representatives demonstrated that it would ballot Virgin Atlantic members on possible strike action. The company promised to pilots
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Discount & Hawkins Negotiations 1. What are your goals for this upcoming meeting – what would constitute a successful outcome for you? The goal for the upcoming meeting is to have a win/win solution to the problem presented by clause 22 on the lease contract as presented by Discount to Hawkins. While there are certainly reasons for Hawkins to have concerns‚ there should be a way to allay those concerns. 2. How would you rate your bargaining “power” - high‚ medium‚ low? Is there anything you can
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Post Diagnosis Paper #2 | Oceania! | Role of Seller‚ General Sales Manager‚ POP Productions | Mark Peterson W00927582 | Preparation In preparing for my Oceania negotiation I had to prepare myself to take on the role of the general sales manager for POP Productions. In doing so I read the role of the general sales manager and all the information that would be influencing and guiding my negotiation with the general manager of Windy City Theater about bringing in my Polynesian musical called
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Capitalists: Trendsetter Inc. TEACHING ENTREPRENEURIAL THOUGHT & ACTION 20 March 2012 Richard T. Bliss‚ PhD Trendsetter Inc. Learning Objectives 1. The entrepreneur/VC relationship 2. Exposure to deal term sheets 3. Moving beyond valuation 4. VC negotiations 2 The Entrepreneur/VC Relationship Entrepreneur VC 3 The Entrepreneur/VC Relationship • Provisions to address adverse selection − due diligence − staging/milestones − use of convertible preferred shares • Provisions to facilitate
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