Delays of the project may lead the employer to suffer in hardship‚ expense‚ or loss of revenue. Thus‚ the employer may claim against the contractor a delay to the works or a defect in the works. In this case‚ when delays occur‚ the employer may have the right to claim the LAD to recover his losses such as the loss of income‚ the cost of alternate facilities‚ increased financing cost‚ extended overhead costs‚ and loss profits. Normally these claims would make under the LAD clause to reimbursement
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Chemical Banks – Allocation of Profits Question 1. How will you resolve the due bill controversy? Due Bill Controversy: Metro Division’s service to sell the Due Bill for the Treasury division is not recognized by the Treasury department. While Metro acted like a cost center‚ Treasury acted as profit center. When Metro Bank division reviewed the profit loss statement for the Due Bills‚ it was found that Metro division was incurring loss of $26.50 for each transaction. Consequences of Due
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Baring’s computer system was not the best and was incapable of monitoring the bank’s trading. Leeson used his bck office knowledge to conceal the problem and he had the authority to as well. 5.Why was Barings Bank willing to transfer large cash sums to Barings Futures Singapore? Barings Bank was willing to transfer large cash sums to
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Coastal Regulation Zone (CRZ) Notification‚ 2011 – its Livelihood implication for the Traditional Fisher folk Russel Ignatius (russelignatiusmsw@gmail.com) Abstract: The articles highlights the important points stressed in the recent Coastal Regulation Zone Notification‚ 2011‚ published on 7th January‚ 2011. It journeys through the livelihood implications it has on the traditional fisher folk‚ the original inhabitants of the coast. It reflects the positive and negative lineage of the
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Episode 514: Politicians should Show Us "Productivity Improvement" Practically! Work-life balance of politicians and bureaucrats </ h3> As in other developed countries‚ Japan is also facing the limits of existing "welfare state line". In other words‚ every political parties agree on the basic policy of "streamlining the administration" (simple and efficient government). Cannot go against the flow of the times. * Through the chain of bankruptcies that occurred in the 1930s (the Great Depression)
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Louisiana Coastal Wetlands: Restore or Retreat Imagine returning to your Hometown 30 to 40 years from now to find it completely replaced by wetlands. This is the reality that many Louisiana natives living along the coastline of the Gulf of Mexico will have to face if coastal erosion continues at the pace it is going. Costello proclaims‚ “Since 1932‚ when the Department of Natural Resources began keeping thorough‚ accurate records‚ Louisiana has lost over 1‚900 square miles or 1.2 million acres of
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Coastal management involves developing strategies that are designed to protect and preserve the coastal environment. The actions of humans have altered the operation of the natural coastal processes. During our fieldwork we have learned the key issues of coastal management and their strategies and the way they address them at Cronulla Beach. The three key geographical processes that shape the coastal environment are erosion‚ transportation and deposition. The key issues relating to coastal management
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The merger of U.S. Citizen Bank and Louisiana Purchase Bank (LPB) in 1998 resulted in a formation of a financial powerhouse possessing core competencies in commercial lending and innovation. Upon recognizing the much needed annuity-driven market potential existing within the U.S. college population‚ the LPB pioneered the student credit card program in 1989. Indeed‚ the student credit card program proved to be more profitable with net income margin around 6 percent compared to that of 4 percent for
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Apart from discussing what FYFB promotes‚ it is necessary to understand the main reasons behind the establishment of this organization. Fort York Food Bank resulted from the need to mitigate the negative consequences of two main urban challenges: urban inequality and gentrification. First‚ Zuberi (2010) argues that by 2001 Toronto has become one of the most unequal cities in Canada. In fact‚ the continue increase in the price of rent‚ food‚ and basic services has challenged individuals when trying
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MICROCREDIT AND RURAL DEVELOPMENT A case study of Khushhali Bank List of Contents Abbreviations....................................................................................................2 Key Terminologies............................................................................................4 Motivation to Write on This Topic.....................................................................5 Problem Statement......................................................
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