Contracts :: GCSE Business Marketing Coursework

ContractsLump Sum ContractA outlined bulge sum plan expresses employees pension benefits as a lump sum amount, which makes it easy for them to beneathstand and appreciate the benefits. In many cases, the plans likewise allow employees to accrue larger benefits at younger ages than they would under a traditional pension plan. And, increasingly, defined lump sum plans provide portable benefits that employees can take with them if they leave the company before retirement age. be plus percentage contractCost-plus construction contracts are much used for projects in which an owner or developer wishes to retain flexibility in selecting construction materials or modifying the design during construction. Unless specifically described in the contract, the asseverator and the owner/developer may have a different perception of what types of be are reimbursable to the contractor. The appeal-plus contract should include a section define all of the types of costs that are reimbursable by the owner/developer, and most criterion form contracts include such provisions.Cost plus fixed compensation contractA cost-plus-fixed- hire contract is a cost-reimbursement contract that provides for payment to the contractor of a negotiated fee that is fixed at the inception of the contract. The fixed fee does not vary with actual cost, but may be adjust as a result of changes in the work to be performed under the contract. This contract type permits contracting for efforts that might otherwise present besides great a risk to contractors, but it provides the contractor only a minimum incentive to control costs.Design and build contract, also cognise as package deal and piece of ass contracts Turnkey drill go stick out a viable method for operators to better man age drilling risks and reduce costs. In the future, they may be able to utilize drilling management contractor services for complete field development programs. The seaward turnkey drilling industry remained a hig h-margin, low-volume business until about 1993 when turnkey drillers began to realize bidding prices were not competitive with most operators internal cost estimates. Increasing market share could only be achieved by lessen margins to match the real competition, which is the operators AFE (authority for expenditure). Since then, the number of offshore turnkey wells has change magnitude almost every year.However, the future of the offshore drilling management services industry involves moving beyond merely providing a well or a completion for a fixed price.