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Businesses undertaking electrical work are certified by NICEIC to become Approved Contractors and/or Domestic Installers, meeting the NICEIC's scheme requirements for competence and the like kind. If work undertaken by the certified business is not up-to-standard, the NICEIC will correct it if necessary.
Within the context of venture capital financing, a term sheet typically includes conditions for financing a startup company. The key offering terms in such a term sheet include (a) amount raised, (b) price per share, (c) pre-money valuation, (d) liquidation preference, (e) voting rights, (f) anti-dilution provisions, and (g) registration rights ...
A "base date" is a reference date from which changes in conditions can be assessed. In a construction contract, the inclusion of a base date is generally used as a mechanism for the allocation of risk between the owner and contractor for changes which might occur in the period between the contractor pricing the tender and the signing of the ...
An electrical contractor is a business person or firm that performs specialized construction work related to the design, installation, and maintenance of electrical systems. [1] An electrical contractor is different from an electrician ; an electrician is an individual tradesman and an electrical contractor is a business person or company that ...
However, to contract, or offer to contract, to carry out electrical installation work, a licensed electrician must also be registered as an electrical contractor. Under Australian law, electrical work that involves fixed wiring is strictly regulated and must almost always be performed by a licensed electrician or electrical contractor. [3]
A Schedule of Values (SOV) is a detailed schedule apportioning the original contract sum and all change orders, among all cost code divisions or portions of the work. The Schedule of Values shall be based on the approved budget or the approved Fixed Price, or GMP, Cost-Plus Contract type as applicable.
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