Contracts

Contracts

Contracts of all sorts.

Industry: Law; Real estate

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Contracts

Duties of agent and principal

Law; Contracts

Agent's duties include: to (1) act on behalf of and be subject to the control of the principal, (2) act within the scope of authority or power delegated by the principal, (3) discharge his or her ...

Earned value management

Law; Contracts

Technique that links resource planning to cost and schedule requirements. All work is budgeted and scheduled in time-phased increments incorporating a baseline for cost and schedule measurement.

Duty

Law; Contracts

1. Ethical, legal, or moral accountability, owed always or for a certain period, specially to someone who has a corresponding right to demand satisfaction of an obligation. 2. Responsibility of ...

An internet based process wherein the complete tendering process; from advertising to receiving and submitting tender-related information are done online. This enables firms to be more efficient as ...

Earned value cost control

Law; Contracts

Progress-to-date of a project expressed in monetary terms, in order to compare the actual cost with the budgeted cost. It is usually computed by applying a performance-measure factor to the budgeted ...

Building loan

Law; Contracts

Loans underwritten by McDonald's Franchise Finance Building Company to be used exclusively by qualified McDonald's Franchisees for financing the costs of building improvements.

Agency problem

Law; Contracts

A conflict arising when people (the agents) entrusted to look after the interests of others (the principals) use the authority or power for their own benefit instead. It is a pervasive problem and ...