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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References: Cheung‚ S.O. 1999. Critical Factors Affecting the Use of Alternative Dispute Resolution Processes in Construction. International Journal of Project Management‚ 17‚ (3). pp 189-194. Acharya‚ N.K‚ Lee‚Y.D.‚ Kim‚ J.K. 2006. Critical construction conflicting factors identification using analytical hierarchy process. Volume 10‚ Issue 3‚ pp 165-174. http://link.springer.com/article/10.1007%2FBF02824057?LI=true. (accessed Dec
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the field of project management has identified several hindrances in the smooth execution of operation a construction project. But here it is more important to find out some common obstacles from the early literature and measure their impact on performance scientifically. Traditionally construction industry is segmented‚ and this segmentation is depends upon the nature of construction that is to be carried out‚ and this segmentation widely consider as residential housing construction‚ institutional
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December 3‚ 2012 Phase 2 Individual Project- Organizational Structure Organizational Structure is necessary to run any company effectively and efficiently. There are six key elements that a company should be following for success and those elements are as follows: I. Specialization of Work * The use of special skills so that one job is not done by an individual but by a group of individuals to complete the tasks. II. Chain of Command * Refers to a continuous line of authority
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constructionism is a sociological theory of knowledge that consist how social objects of consciousness work in social contexts. There is often a debate about whether something is "real" or if it’s "merely" a social construct. For instance‚ If you believe social constructions aren’t real‚ then please take out all the bills in your wallet and pass them up to me. Money is an example of a social construction that plays an extremely important role in our everyday lives. All those paper bills and coins are
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NICMAR ASSIGNMENT COURSE NO.- PGPM-13 “CONSTRUCTION PERSONNEL MANAGEMENT” PREPARED BY : ROHIT KAMARAJU COURSE : PGPM -- 13 Reg. No. : 210-02-31-8000-2112 ASSIGNMENT NICMAR / SODE OFFICE 1. Course No. - PGPM 13 2. Course Title - Construction Personnel Management 3. Assignment No. - One You are a Project Manager on a site where works for 3KM long Tunnel has been undertaken. The site is remote and takes about 2 days travel to nearest town
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Gender and Social Constructions The German Chancellor‚ the President of South Korea‚ the President of Taiwan‚ and a US Supreme Court Justice. What do all these jobs have in common? They are all positions held by women. However‚ in our modern day patriarchal-based society‚ we have a negative connotation towards female politicians. The common misconception of most women is that they are not built to lead. Nevertheless‚ this is a myth that cannot be backed by evidence unless sexist ideas have now become
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Different Branches and Sources of Law under the English Law Law009-Law & contract HND in Quantity surveying and Construction Economics/Construction Management Different Branches and Sources of Law under the English Law Law009-Law & contract HND in Quantity surveying and Construction Economics/Construction Management Devan Isuru Wanniarachchi CSCT2012361 Devan Isuru Wanniarachchi CSCT2012361 Explain nature of law and other fundamental concepts relating to English Law
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The two main characters in Shakespeare’s play‚ Macbeth‚ are Macbeth himself and his wife Lady Macbeth. Their marriage seems to be mainly one of convenience for Lady Macbeth‚ but for Macbeth it is clearly more than that. He loves his wife‚ and she takes advantage of that for her own gain. She is continuously making him feel guilty‚ for being weak‚ and for not being able to give her a child‚ as is suggested by her words‚ "I have given suck and know how tender ’tis to love the babe that milks me". She
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In the dim twilight of dawn‚ before sunrise and in his half-conscious state‚ having just awoken from a deep sleep‚ Murdock imagines that he sees a great hairy bear trying to enter the cabin through the open window. With the rifle in his hand‚ quaking with fear‚ his one thought being to protect his wife’s body‚ he aims and delivers a single thunderous shot. The shot ricochets off the window frame and is followed by a sound of expending air. Rushing over to the table‚ Murlock finds it bare and his
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