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What is an admeasurement contract?
In admeasurment contract the value of work executed is determined by measered quantity of work executed multiplied by the unit rate.
How does a sales contract work?
The buyer agrees to pay a pre-determined price for a good or service. The seller agrees to supply that good or service at the pre-determined price. There may well be other terms in the contract.
What does a scientist mean by the sun's core will start to contract?
Contract is another work for shrink, or pull together.
What does determined contract mean?
A determined contract refers to a legally binding agreement where the terms, conditions, and obligations are clearly defined and specified. This type of contract outlines the specific duties of each party, including timelines, compensation, and deliverables. It ensures that all parties understand their commitments and can anticipate the consequences of fulfilling or breaching the agreement. Essentially, it provides clarity and reduces the potential for disputes by establishing clear expectations.
Explain how the profit on incomplete concecpt is determined?
The profit on an incomplete contract is determined by assessing the proportion of work completed relative to the total contract value. This is often quantified using the percentage-of-completion method, which calculates revenue based on the costs incurred to date compared to the estimated total costs of the project. Any recognized revenue is then adjusted for the costs incurred, reflecting the profit earned on the completed portion of the contract. This approach ensures that profits are matched with the work accomplished during the reporting period.
When will a contract be void?
A legal contract should be void if one person fails to meet obligations of the contract. A lawyer can assist with any advice or actions. The final determination of the contract is determined by a judge.
What is the difference between temporary and contract?
temporary/contract work
When is a contract of sale considered perfecta?
A contract is considered perfecta if the object of sale has been clearly identified; the price has been determined; and there are no suspensive conditions
Define work by force account contract?
Force Account work is work performed under contract that is billed as time and material
What do you mean by contract?
contract is a aggrement between two party.
What does contract mean in muscle?
contract in science means to get smaller.
Is a promissory note the same as a written contract?
A promissory note is a kind of written contract. The statutues and conditions under which it can be enforced are determined by the laws of the state in which it is drafted.
