Nobody downloaded yet

The Management of Contracts and Subcontracts - Case Study Example

Comments (0) Cite this document
Summary
The present study would focus on the management of contracts and subcontracts. A contractor usually provides services to a client or clients. This is usually at a given agreed-upon fee, usually payable at the end of the stated period or upon the completion of the task…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.8% of users find it useful
The Management of Contracts and Subcontracts
Read TextPreview

Extract of sample "The Management of Contracts and Subcontracts"

Download file to see previous pages The private family-owned company would be better off operating as a subcontractor rather than the main contractor or even carrying out both the activities of the main contractor and the subcontractor.
The operations of the company as evidenced by the financial statements indicate large amounts of the sum that has been used to transact the liabilities. As much as the liabilities still run lower than the assets, the margin is very small and would not guarantee that the company will not incur losses soon. A company would consider being the main contractor or a subcontractor depending on the balance between the assets and liabilities. This financial statement is important to determine the profitability and liquidity of the company. A subcontractor may decide to operate so not only because of the limit of resources but because the subcontractor is more specialized in a given section of the contract than the main contractor.
The company’s decision to become a main or subcontractor should be based on the health and safety of the employees and workers of the organization which would have been provided to give a judgment that is based on all the factors that affect the operation of the company. The taxation effect on the financial status of the company is a good projection of the liquidity of the company. Taxes have a direct effect on profits. This is because gross profits are obtained after the taxes have been deducted.
Recommendation to the subcontractor to become the main contractor.
The taxation effect on the financial status of the company is a good projection of the liquidity of the company. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Business Strategy Essay Example | Topics and Well Written Essays - 1500 words”, n.d.)
Retrieved from https://studentshare.org/business/1398378-business-strategy
(Business Strategy Essay Example | Topics and Well Written Essays - 1500 Words)
https://studentshare.org/business/1398378-business-strategy.
“Business Strategy Essay Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.org/business/1398378-business-strategy.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The Management of Contracts and Subcontracts

Contracts

.... In fine contracts not only define the relationship of all the parties concerned but contract also define the parameters of the obligation of each parties. As predicated contracts defines the relationship and the obligation of each party arising from the contracts (Savage & Jones Mitchell, 1994). Contracts should also include the delivery of the obligation of each party, dispute management and the administration of time and money. Contract is defined as “a legally binding agreement made between two or more parties, by which rights are acquired by one or more to acts of forbearance on the part of the other or others”...
12 Pages(3000 words)Coursework

Federal Contracts

...entrepreneurs to expand their businesses. This paper analyzes the federal act support for small businesspersons with the aim of expanding their businesses. It further provides an organizational chart that supports working with the federal contracting system. Federal Contracts under a given Business Development Program Federal government only provides support to businesspersons or prime contractors that are performing at least one active EPA contract. In addition, they must also be eligible for the award of federal contracts. The other parties who are bound to receive assistance are companies whose corporate policy is to promote, develop and implement...
3 Pages(750 words)Essay

Contracts Law

...Law of Contract A contract delineates an agreement between two or more parties, which is enforceable by the law. Thus, a substantial number of contracts are guided on the basis of common law. Conversely, the UCC’s article 2 governs contracts involving sale of goods, negotiable instruments and secured transactions. Incidentally, there are two types of contacts: written and oral. Nevertheless, more than often, a contract has to be in written form, for it to be legally enforced. Furthermore, it is expected that all the terms and conditions of a contract should be fulfilled by the parties subscribed to it. If this happens, it implies that...
2 Pages(500 words)Essay

Contracts

...Essentials of a Valid Contract of Essentials of a Valid Contract The determination as to whether a contractual agreement exists between any two parties to an agreement, six salient requirements must be fulfilled. The establishment of a contractual relationship begins with the offeror manifesting his/her willingness to fulfill the desired promise under specified terms and conditions. Following the offer, the offeree must either in express or implied terms accept to enter into the agreement to fulfill he/her part of the bargain under the terms and conditions specified. Parties must be of sound mind and of legal age make legally binding decisions. Minors or persons with unsound mind lack the capacity to...
1 Pages(250 words)Essay

Construction Law - Subcontracts

...if the employer is found to be liable for the defect spawning the dispute. The following amendments to the contract are necessary: a) renegotiation of the terms of the Order process with the contractor to make them fair; b) sharing adjudication fees and other relevant costs arising from the process based on the level of liability of the parties to the contract, and c) extending the period of withholding notice from one day to three days to facilitate timely communication of payment delays to the workers at the end of the equation. References Abdallah, A.A., Darayseh, M., and Waples, E. 2013. Incomplete contract, agency theory and ethical performance. Journal of General...
11 Pages(2750 words)Essay

Contracts

...Insert Wood v. Lucy, Lady Duff-Gordon (1917) Facts Lucy Lady Duff-Gordon was a popular public figure who attached her togoods in order to improve sales in return for compensation. She hired Mr. Wood to assist her and allegedly forfeited the exclusive rights of issuing licenses out to third parties to her new agent under an arrangement that would entitle her to half of the returns obtained therefrom. Mr. Wood sued her for the breach of contract following her direct participation in the same business, now alone and without sharing the proceeds with Mr. Wood (Smith 29). Issue The court was to determine whether Ms Duff-Gordon was in breach of the earlier contract. Decision The lower appellate court...
2 Pages(500 words)Assignment

Contracts

...Contracts A contract can be described as an agreement between two or more parties pertaining to the details of the various particulars that have been settled upon in this understanding. It holds legal viability and therefore can serve as a means of protection for individuals ensuring that they are not dealt with in an underhanded manner after an agreement has been made. It can also serve as evidence of the agreement that is in place(McKendrick Pg2). There are a number of different contracts that are available to an individual and they can be of use depending on the particular situation, some of the more common contracts that help most individuals involved in business...
2 Pages(500 words)Essay

Contracts

...Journalism, mass media and communication Introduction Publishing contract is a standard contract and a writer, that too a writer who is making efforts to get his first work published, has little option but to sign on the dotted lines of the contract. In this world impacted by internet revolution, print and electronic media have taken tremendous stride, and their growth is like that of octopus which grows in all the directions. Normally an author is a novice about the intricacies of the art of publication. The technical and legal language of the contract is liable to be interpreted in various terms, often jeopardizing the interests of the author. Normally an author is...
2 Pages(500 words)Assignment

Contracts

...1) There is a valid contract between Adam and Bill since they agreed on two aspects; to open a joint venture and that Bill would sell Adam the restaurant in three years depending on its profitability. As a point of departure, it should be noted that a contract is a legally enforceable agreement between two or more people (Gibson, 1988). A contract can be verbal or in written form. Though Bill refused to sign the contract, the verbal agreement reached is binding. When a contract is created there is an offer and acceptance of that offer. Bill offers to sell Adam the restaurant and Adam accepted and this shows that a valid contract was...
1 Pages(250 words)Assignment

Contracts

...Express Warranty A warranty refers to guarantees, assurances, or promises that consumer good will do what it is intended to do (Margaret 123). The warranty usually has limits to what it covers (124). The United State has various Federal and State laws that govern warranties, in particular, furniture, and the remedies associated with the warranties (125). Section (2), clause (106) of Business and Trade Code defines a contract for sale as a contract to sell goods later in future or current sale of goods. In clause (401), the term sale means exchanging the ownership of goods for a price to the buyer from the seller. Clause (213) of section (2) states that express warranties are usually in the form of a...
1 Pages(250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Case Study on topic The Management of Contracts and Subcontracts for FREE!

Contact Us