Management Contracting Essay Example | Topics and Well Written Essays - 1000 words

Management Contracting - Essay Example The paper tells that a design-build contract refers to an outstanding type of project delivery system used in construction as well as renovation projects. In this kind of contract, the client awards the project to a contractor. After the client enters into the contract with the contractor, the contractor is responsible for all design as well as construction work needed to complete the project. This will allow the client to deal with one source during the construction of the innovative and eye catching new property as opposed to coordinating various parties. If the client awards the design-build contract to a builder, the builder is responsible for hiring all engineers and architects needed to complete the work of designing the new property. The client has the right to reject or approve design options; however, he is no longer responsible for managing or coordinating the design team. When the owner approves the design, the same contractor directs the construction process of the new pr operty and hires subcontractors if needed. Most clients’ sign build contracts after a negotiation as opposed to a bid process. NEC3 contract is a family of contracts that facilitate the implementation of sound management practices and principles and defining legal relationships. The contract is a positive as well as a progressive form of contract that allows every part to participate in and contribute to the successful delivery of facilities, buildings, as well as best value solutions. The client and the contractor collaborate and their collaborative working across the whole construction process boosts the likely project outcomes. The contract stimulates good management of the relationship between the client and contractor and the work included in the contract (NEC 2010). The contract offers clients and contractors project focused outcomes leading to the achievement of the client objectives for the projects in terms of ultimate performance, quality, time and cost aspects. The NEC3 contract is advantageous in that it designs a system for managing the construction project interfaces. It also gets all the parties to sign up to the contract and

Free Measure for Measure Essays: Analysis of Acts V-VI :: Measure for Measure

Analysis of Acts V-VI of Measure for Measure One of the things that struck me as odd in Act V, Scene I is how Mariana seems to recognize the disguised Duke. I don't know if this means that the Duke has disguised himself as a friar in the past. Another thing that struck me odd in this scene is how soon Mariana agrees to the Duke's plan. Here is a stranger (Isabella) convincing a young woman (Mariana) to have sex under very mysterious circumstances with a man who has rejected her. The plan is very strange but Mariana agrees so quickly that its hard to see how it was possible for Isabella to give Mariana the full explanations of the reasons behind the ruse. The Duke tries to justify the whole scheme once again by saying that Angelo is Mariana's husband on a "pre-contract." In Act IV, Scene II I found it ironic that if Pompey becomes an executioner and stops being a bawd and prisoner he will better himself and become honorable. I also found it ironic that the Duke, Isabella, and Mariana are conspiring and deceiving Angelo but Angelo, in turn, deceives the three by stepping up the date of Claudio's execution. It is like practically everyone in the play is backstabbing someone else. It also seems like the Duke is concocting all these schemes to do "the right thing." First he has a plan to place Mariana in substitution of Isabella to sleep with Angelo and now he plans to have someone else beheaded to trick Angelo into thinking it's Claudio's head. It seems to me that the Duke is acting as immoral as the rest of the city and Angelo. He seems to go by the belief that the ends justify the means. Is he really better than Angelo? Upon first reading in Act IV, Scene III how the Duke lies to Isabella when he tells her that Claudio has been executed, I could not help but think how cruel the Duke is and how he may be taking his role of friar too far. I also thought that he would rather make others suffer unnecessarily just so he can be sure that his plan to "get" Angelo is successful. Act IV, Scene IV just reiterates the fact of how selfish Angelo is. While he does express regret for having executed Claudio he still justifies his decision by saying that had Claudio lived he may have sought revenge against Angelo.

Marketing Plan Hybrid Car Essay

HONDA MOTORS hereby launches the all new family Honda EC CRV, the new eco friendly car that makes others â€Å"go green† with envy for Oxygen is priceless. Save the earth, plant a tree because their is no Planet B†¦ all you got to do is drive a Honda EC CRV. Introduction For the purpose of this assignment, I will choose hybrid automobiles that run on gasoline as well as alternative fuel i. e. Electricity. The rising fuel prices and increasing air pollution along with depleting resources of fossil fuels is forcing more and more automobile companies to manufacture hybrid vehicles. Moreover, people are increasingly buying these environment friendly and cost effective hybrid vehicles in many countries around the world. According to (Hybridcar. com, p. 1), Hybrid-electric vehicles (HEV) combine the benefits of gasoline engines and electric motors to provide improved fuel economy. â€Å"The engine provides most of the vehicle’s power, and the electric motor provides additional power when needed, such as for accelerating and passing; this allows a smaller, more-efficient engine to be used†. The current hybrids on the market do not have to be â€Å"plugged in† to an electrical outlet to recharge. The Hybrid Car Market The market for the hybrid car is slowly growing that primarily led by the U. S. and Japanese Markets. In the past five years, sales for the hybrid in the U. S. increase from 9,500 in 2000 to 100,000 in 2004. By the end of 2005, the number of hybrid cars in the U. S. increased to 212,000, accounting for 1. 3 percent of the total U. S. light-vehicle market. J. D. Power estimate the hybrid car market will account for 3. 5% of the U. S. market by the year 2010, whereas, other researchers such as ABI Research & Automotive Technology Research Group give a more optimistic projection for the market. These researchers estimated the hybrid market penetration between 5-6% of the overall U. S. light-vehicle market. According to a forecast by J. D. Power-LMC Automotive Forecasting Services, by the year 2012 hybrids that accounted for 0. 5 percent of the U. S. market in 2005 are expected to gain 3. 5 percent of the U. S. market. The JD Power reports say that the price premium associated with alternative power train vehicles continues to be a barring factor that will restrict the potential for both hybrid vehicles. The report notes that manufacturers will have to reduce this premium to attract buyers who are not currently motivated to purchase these vehicles as a means to improve the environment, or as a means to save money by consuming less fuel. Existing Product Research The Prius, Insight, and Civic were the first set of hybrids. These vehicles utilized the core strategy of a smaller engine which provides â€Å"on demand† power from the electric motor and batteries. A smaller engine is one of key attributes of hybrids to gaining better fuel economy. The newer hybrids—the Accord, Lexus SUV, and Highlander—maintain the size of the gas engine, and add power by way of the electric components which does little to boost fuel efficiency. According to (Larson, 2005), while the hybrid’s claim to fame is reduced fuel consumption, there are various factors that will reduce the performance levels of these vehicles. Such factors include acceleration, idle time, air conditioning, temperature, and driving speed. Competitive Scenario It has been noted that Honda and Toyota are the pioneers in the hybrid car market now. According to JD Power, However, â€Å"they are becoming more commonplace due to licensing of their technologies by other Japanese and American companies, and the new trend towards hybrid SUVs. † The Toyota Prius, considered a midsize sedan, is the number-one selling hybrid vehicle. Toyota has sold more Priuses than all other hybrids combined—and for good reason. Since the second model of the Prius was introduced in 2003 (as a 2004 model), this midsize sedan has received numerous awards. Today, it continues to be a top seller. The success and tremendous rise in Toyota hybrid sales can be partly attributed to the company’s marketing campaigns. Most hybrids recognized increasing gains each year, with the exceptions of the Accord Hybrid and the Lexus RX400h. Sales of both models have decreased during the past year, proof perhaps that today’s hybrid buyers demand a noticeable improvement in fuel economy when buying a hybrid model (Hybridcar. com). Typical profile of hybrid car buyers â€Å"Hybrid car drivers have a level of education higher than any group of car drivers that I’ve ever seen,† says Walter McManus, director of the Office for the Study of Automotive Transportation at the University of Michigan. McManus further describes these drivers: They have higher income, than the average car buyer at approximately $100,000 a year versus $85,000 a year for the average buyer. They are more likely to be female. Hybrid drivers are a few years older than the average car buyer—closer to fifty rather than the average age of forty. California strongly outpaces all other states for new hybrid vehicle registrations. Beyond these demographics, McManus describes the profile of hybrid car drivers in terms of their behavior and attitudes: They drive on average fewer miles than the average car buyer Hybrid car drivers plan to keep their car longer than the average person They are willing to pay more for an environmentally friendly product. They personally want to do something to help reduce vehicle pollution. They expect fuel prices to grow a lot faster than other people do. McManus adds, â€Å"It doesn’t mean that they’re right. It does not mean that the other people are right. But they’re much more pessimistic about the future of fuel prices than the average person. † Price According to research, Hybrid cars and SUV’s prices range from an estimated $19,000 to nearly $55,000 for the basic models. The lowest price range for this type of car is the manual transmission 2006 Insight at an MSRP of $19,330, whereas the Lexus hybrid sport sedan, the GS 450h is the highest at $54,900. The following table summarizes average prices of the hybrid cars: Hybrid City mpg Hwy mpg MSRP(in USD) Honda Insight -Manual 60 66 $19,530 Honda Insight -CVT 57 56 $21,530 Toyota Prius 60 51 $21,725 Honda Civic Hybrid 49 51 $21,850 Honda Accord Hybrid 29 37 $30,140 Toyota Camry Hybrid 40 38 $25,900 Ford Escape Hybrid 2WD 36 31 $27,515 Ford Escape Hybrid 4WD 33 29 $29,140 Mercury Mariner Hybrid 33 29 $29,225 Toyota Highlander Hybrid 2WD 33 28 $33,030 Toyota Highlander Hybrid 4WD 31 27 $34,430 Lexus RX 400h 31 27 $49,060.

Corporate Social Responsibility And Access Of Finance

The article â€Å"Corporate Social Responsibility and Access to Finance† was written by Cheng et al. (2014) in order to show that firms that have better CSR performance are less capital constrained. The aim of the essay is to argue that the analysis of the relationship between CSR policies and the access to finance is a well done research with interesting arguments and analysis; however, it has several limitations, which will be examined. The aim will be achieved through a critical analysis of the paper. It will be done in four stages: first, the key arguments of the article, second, the strong points of the article, third, the limitations of the research, and final stage, the specifications of the outcome. In this paper Cheng et al. (2014) argued that the implementation of successful CSR policies leads to lower idiosyncratic risk due to improved stakeholder engagement, which reduce agency costs of an organisation, and increased transparency, which results a company becoming l ess capitally constrained and enhances a firm’s access to finance in capital markets. In order to achieve their aim the authors use cross sectional analysis of firms around the world and apply different variables and methods. They concluded that there is a link between good CSR activities and access to finance; however, social and environmental components of CSR are more significant for investors than the factor of governance since the former ones have higher impact on capital constraints. It can beShow MoreRelatedThe Social Performance Of Apple Incorporation And The Impact Of Corporate Social Responsibility On The Multinational Business Organization987 Words   |  4 Pagesstrategies that have enhanced the social performance in the society. 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