The deadline for completing the project, as stated in the contract, is December 15th.
Completing your project and delivering it as per the requirements !
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.
The contractor typically pays for performance and payment bonds. These bonds provide financial protection for project owners by ensuring that the contractor completes the project as per the contract terms and pays subcontractors and suppliers.
ProFit in a building contract typically refers to the profit margin that a contractor expects to earn from a project, often calculated as a percentage of the overall costs. Attendance, on the other hand, refers to the presence and participation of the contractor’s staff or subcontractors on-site to ensure that the work is completed as per scheduled timelines and specifications. Both elements are crucial for managing project costs and ensuring successful project delivery.
Per contract refers to options trading. It means in one contract, there are 100 shares of that company's stock.
1) When the tester meet the deadline. Deadline in the sense that the project delivered date, specified time,etc. 2) When the tester detect all the bugs. 3) When the tester is not able to proceed further due to big flaw. 4)when the developer change the source as per end user requirements. 5) When the tester face some hardware failure.
It's a time of legal contract between two entities (Service Provider and Client) that Project Managers use. The other type of contract is a "fixed rate contract". The properties of a time and material contract are easy to understand: The team providing services to the client has a fixed billing rate. the more time is spent on a project, the more money the client pays for the service/good offered. In other words, suppose that my billing rate is 800 USD per day. I (the Service provider) will deliver a service that client needs, stating that this will take 2-4 days, and that this is a time&material contract. the client will be billed 1600 - 3200 USD, based on how much time was spent. in a fixed rate contract, I would inform that the service will cost 1600 USD. if for any reason, the project is delayed , the additional cost will be paid by me.
Revenue is calculated as per percentage of completion method in long term contracts like construction contracts as first of all total cost and revenue is determined and after that it is allocated to specific fiscal year according to the percentage of completion of contract or project
The penalty is $50.00 per W2 that is filed late.
The questioner is not interested in the answer per se but in completing his homework assignment.
No, per project aggregrate applies seperately to each project during the policy period, per location aggregrate applies uniquely to the locations worked at during the policy period. Per location doesnt seem that common...
He has a contract for 350,000 per season