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Early contractor involvement (ECI) is a type of construction contract where the principal contractor is engaged at an early stage in a project to offer input into the design phase. It is in contrast to the design–bid–build model where the contractor is only brought onboard at the end of the design phase.
Specific identification is a method of finding out ending inventory cost.. It requires a detailed physical count so that the company knows exactly how many of each good bought on specific dates comprise the year-end inventory.
FEE Methodology: [3] FEE is a way of looking at a project before completing detailed design. There is no set way to conduct a Front-End Engineering study. Generally, FEE requires an engineer or a group of engineers to thoroughly and logically consider a proposed project.
IDIQ contracts are most often used for on-call service contracts, Architect-Engineering (A-E) services, and job order contracting. Awards are usually for a specified number of base years with renewal options for additional years.
As with all client-contractor work, liability depends heavily on the subject of contract terms. While the management consulting service provider for obvious reasons has a business reputation to protect, legally there is little protection for the client.
OSHA's On-site Consultation Program [39] offers free and confidential advice to small and medium-sized businesses in all states across the country, with priority given to high-hazard worksites. Each year, responding to requests from small employers looking to create or improve their safety and health management programs, OSHA's On-site ...
The Agile fixed price is a contractual model agreed upon by suppliers and customers of IT projects that develop software using Agile methods.The model introduces an initial test phase after which budget, due date, and the way of steering the scope within the framework is agreed upon.
CHESM – contractor, health, environment and safety management CHF – casing head flange CHK – choke (a restriction in a flowline or a system, usually referring to a production choke during a test or the choke in the well control system)