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A contract is a binding agreement which is legally enforceable by law if it is not fuilfilled.
Under one project there will be different contracts entered at different periods as per the requirement of the work to be done.
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Basic difference between forward contract and future contract?
Futures are traded in Organized Exchanges while Forwards are Over-The-Counter (OTC) traded
What is CFD trading?
A CFD trading, or Contract for Difference, is an agreement between two parties to exchange the difference between the opening price and closing price of a contract. Trading option to trade the change of price in multiple commodity and equity markets, with leverage and immediate execution.
What is difference between terms and conditions?
Terms >>> implied terms conditions >> "do this and you'll get that" normally under a contract
What is the difference between EPC and turnkey contract?
EPC is a contract comprising Engineering, Procurement and Construction. Turnkey is a contract comprising Engineering, Procurement and Construction. If you look at the definition , you may find no difference between two concepts, but there are some differences between two concept as follows; 1- In EPC, an employer will provide basic engineering to a contractor and the latter shall perform detailed design based of received basic design. 2- In Turnkey , Employer will only provide certain technical specifications of the project and it is the responsibility of the contractor to prepare basic and detail design of the project. 3- In turnkey, contractor is responsible to perform construction and commissioning, start-up and take over of the plant to employer, but in EPC, it may be the responsibility of other third person to do commissioning and start-up.
What is contract and agreement?
There is a minor difference between contract and agreement. The outline of a contract is more formally presented than the terms laid out in an agreement. A contract contains the obligations and authority that the court has to enforce while the agreement is a less formal version of the two parties obligations.
What is the difference between contract and project?
A project is a temporary activity that ends with a new product being produced. A contract is temporary but a product doesn't have to be produced in contracts.
What is the difference between a contract and a project?
A contract is a commercial document which states: * what is being delivered * to what timeframes * utilising what resources * for what budget A project is something which actually takes the bullet point list above and makes it a reality.
Difference between real time project and IEEE project?
no difference
What is the difference between web project and traditional project?
differences between a Web Project and Traditional Project?
Difference between epc contract and bot contract?
EPC contract is an Engineering, Procurement and Construction contract that comprises entire project starting from designing, planning, procurement from third parties, clearance of goods, delivery, provision of spare parts, erection, commissioning, testing, completion of facility and correction of defects etc. BOT contract is a built, operate and transfer Contract which also comprises total responsibilities to build the entire project and after operating the project, transfer the same to the Owner of the project. Karuna Kumar
What is the difference between temporary and contract?
temporary/contract work
What is the difference between Project manager and Delivery manager?
Explain the difference between "Project Management" and "Delivery Management."
What is the difference between traditional project and web based project?
differences between a Web Project and Traditional Project?
What is the difference between contract of sell from contract of sale?
"Contract of sell" is just "contract of sale" misspelled.
What is the difference between project manager and assistant project manager?
The difference is the assistant project manager has to confer with the project manager on major decisions.
Difference between Percentage of Completion method and Completed Contract method?
Difference between Percentage of Completion method and Completed Contract method?
Difference between scope statement and project charter?
The difference between a scope statement and a project charter is that a project charter acknowledges the projects existence and the scope statement defines the project objectives.
