Seeds for a successful contract are sown at the tendering stage itself and hence it is necessary to be clear on fundamentals of Tenders, Bids, and Contracts along with the Risk Perception. The global playing field now available for the business makes the subject applications further challenging because of sheer complexities involved.
Tenders and Contracts parameters :
Critical Elements of Tenders, Bids, and Contracts :
Modes of Payment
L/C and BPO
Limitation of liability
Construction of Contracts FIDIC and INCOTERMS, standard templates- FIDIC and INCOTERMS, salient features, uses