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Q: You just awarded a contract. You only have minor details that need to be conveyed to the contractor and the contractor has had previous experience in producing the items or providing the services. Acc?
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How long does a company have to pay after you have invoiced them as a contractor?

What does your contract have to say?


How does a Turnkey contract differ from EPC contract?

TURNKEY CONTRACT A TURNKEY project is an EPC Contract with total responsibility of Engineering, Procurement and Construction on the EPC Contractor. Owner/Client simply provides the contract specification for the project to be completed within budgeted time limits and quality requirements. EPC contractor is the sole power over the project within project specifications. EPC ~ LOOSE TURNKEY CONTRACT An EPC contract is a LOOSE TURNKEY project wherein owner/client must share some of the technical/engineering/EPC part with the contractor. Both owner and client share responsibility for project completion though majority responsibility lies with the EPC contractor. Here, owner/client wants to have some direct control over quality/timeline/budgeted resources over EPC contractor.


What contract shifts the risk of cost overruns to the contractor?

fixed price with economic price adjustments


Sales Contract?

Get StartedThis Contract can be constructed to cover the sale of goods or the exchange of services between to companies. If one business is providing goods or products to the other �A Contract for sale of goods� should be created. If one business is providing services to another �A Contract for services� should be created. If you require more detailed information before making your decision the following help topics can help: Sales Contract for Services


What are the differences between BAC and EAC?

BAC is the budget at completion is the cumulative BCWS at the end of this contract. EAC stand for estimate at completion which is the contractor's best guess estimate of how much the effort will actully at the end of the contract.

Related questions

What are Modes of discharge of contract?

as per HSE (Health Safety and Environment) contract performance, there are three modes of contracts: mode-1 contract, where the contractor is providing such service not having own HSEMS plan and working under the client HSEMS plan. Mode-2 contract, where the contractor is providing the service and having contract HSEMS plan and follow ups. Mode-3 contract, where the contractor is providing such service having HSEMS (Management System) in place, but working under the client HSEMS plan.


What violation is entering into an unauthorized contract and or providing insider information to a contractor is?

Joint ethics regulation violations


Who is responsible for providing all resources needed for performance of a Government contract?

The contractor is responsible for providing all necessary resources. See FAR 32.202-1


Entering into an unauthorized contract and or providing insider information to a contractor are examples of unethical behavior?

TRUE. Not only unethical but quite possibly illegal.


How do you make a contract?

hire a contractor hire a contractor


What does an mechanical contractor do?

They contract mechanics


What is the basic definition of contractor jobs?

Contractor who has a contract with the owner of the job, and has the full responsibility for finishing the job. Subcontractor carry out specific parts of the contract.


What are the modes of discharge of contract?

as per HSE (Health Safety and Environment) contract performance, there are three modes of contracts: mode-1 contract, where the contractor is providing such service not having own HSEMS plan and working under the client HSEMS plan. Mode-2 contract, where the contractor is providing the service and having contract HSEMS plan and follow ups. Mode-3 contract, where the contractor is providing such service having HSEMS (Management System) in place, but working under the client HSEMS plan.


How long does a company have to pay after you have invoiced them as a contractor?

What does your contract have to say?


Clauses involved in contract documents of between contractor and a client?

no


What is a PPGA insurance contract?

Personal Producing General Agent contract


Government and contractor personnel work side by side on the Beta project in a contractor and work space. Due to the tremendous progress that has been made in the project both the government progr?

The contractor may not charge the time off to the government contract