The recent outbreak of war in Iraq has resulted in the creation of several letters of intent (LOI) between four big commercial banks and a number of Iraqi companies. Even though these documents may seem as an indication of their financial financing of the jobs they aren’t a binding contract. In fact, each individual Iraqi firm ought to take all necessary actions to guarantee the authenticity of the LOI prior to registering.
Security concerns are the foremost factor in contracting Iraq. Aside from what is occuring in Iraq, there are certain other factors which should be borne in mind prior to signing any contract with an Iraqi government. Contractors are encouraged to establish two-way communication stations with Iraqi ministries of finance and commerce. They need to also know that there are strict regulations and steps for attaining acceptance for new jobs.
The contract is now signed with the knowledge the two sides will utilize custom research papers to assess the viability of their planned project. This evaluation will be critical in providing detailed and precise advice to your investors. A couple of easy-to-use forms are offered by the International Institute of Strategic Studies (IISS), to guarantee the credibility of this undertaking.
In this Resource Box you will locate the development-friendly conditions that you want to look for in any project. The Development-Friendly Terms identify the elements which will ensure the longevity of the undertaking. These include sound fiscal management, a solid business model, management and operation of the undertaking.
It’s crucial to be aware that these are the components which will make certain that the project will likely be in operation for a short time period. This can be accomplished by making sufficient provision for your financial security, such as ensuring the funding through any present source of revenue.
Moreover, a business strategy is important to be able to explain how experienced staff will deliver the project. The delivery schedule of this project has to be clearly explained along with the commitment of the project owners to fulfill them must be shown.
Besides the budget for the job and the essay writer necessary financial investment, a business strategy should also emphasize the way the organization will manage its working capital. It is essential to be aware that most companies that have set contracts in Iraq do not have the financial resources required to fulfill the demand for their solutions and to continue to provide them for the duration of the undertaking.
The Indian companies have experienced a distinct advantage if they participate in contract management in Iraq. The IBEX (Indian Business Exporters) was working actively with many Indian businesses in Iraq for several decades now.