Extension of Time and Delay Analysis Essay Example | Topics and Well Written Essays - 1250 words

Extension of Time and Delay Analysis - Essay Example In the event of any extension of time, there are certain factors which have to be viewed before any claims for liquidated damages could be made. If no specific date for the completion of the project was set in the contract, it is known as â€Å"time at large†, and in such cases the Director of Budget and Fiscal Services specifies a realistic time period for the completion of the project in lieu of the current conditions. If dela i made, the contractor can argue against any charges as no deadline was set in the first place. If a specific date was set, then the obligations of the employer and the contractor have to be taken into account. It is the obligation of the employer to make a timely provision of any services and goods that have been specified in the express terms of the contract. If h fails and there is a delay, he is not eligible to make any deductions as liquidated damages. If the delay is due to any hindrance posed by the employer in the proper execution of the contra ct by the contractor, such as interruptions made by any sub-contractors hired directly by the employer, the employer loses his right for any liquidated damages. The obligations of a contractor are to finish the project within the deadline, with â€Å"efficiency and diligence†. This means that the contractor has to work continuously and in accordance with the approved plan towards the deadline. If he fails to do so, and there is a delay, the employer will be compensated through liquidated damages. ... If he fails to do so, and there is a delay, the employer will be compensated through liquidated damages. However, if the employer has been pressing for unrealistic acceleration, the contractor has a right to file a case against the employer on this ground, and the employer might lose his right toward the damages. If the contractor, due to any reason, refrains from exercising his right, he is denied any compensation and the employer will be eligible to carry out deduction for the damages. If the contract has a clause for extension of time, but it has been exhausted, or if there is no such clause in the contract, and further extension needs to be carried out, an approval by the Director of Budget and Fiscal Services is required before any such steps can be taken. However, it can only be done under certain conditions: the period of any further extensions can be no more than one hundred and eighty calendar days; the commanding officer of the contract assigned by the Director draws a written statement that any new contracts cannot be allocated at the time of the completion of the pertinent contract, due to reasons such as short- term need of the service, and limitation of the execution of the contract at he time of the completion of the current contract; there is an general consensus by all the concerned parties regarding the extension in time of the contract; and the price of the extended contract is the same as the original contract, or as changed in the contract before

Spotify Essay Example | Topics and Well Written Essays - 2000 words - 1

Spotify - Essay Example The strategic framework of SpotifyTM will help to implement technology to sustain competitive advantage in terms of cost and efficiency. Formulating other forms of strategies such as e-marketing, CRM, or SCM as part of organisation’s strategy helps a company to mange and utilise their resources optimally. Introduction SpotifyTM provides cloud based music streaming service delivered via internet mobile phones. Through cloud computing it offers subscribers access to its vast database of music. To maintain such large database the company would require effective managing of its information system. The information system is not isolated and constitutes interaction between hardware, software, data, people, and telecommunication. These components of an information system are built to create, assemble, and distribute important data and information to people across the globe (Lucey, 2004, p.31). From the information system hierarchy model it can be said that the strategic development i s a top down approach and it flows downwards from the top level management of organisation. The information system connects the top level management with people and process (Doyle, 2001, pp.2-14). ... he business strategy of SpotifyTM is to adapt to new technology of cloud computing and generate revenues through cloud based business model which will allow subscribers unlimited access to music database at least cost and shortest time. Using the five forces model, the relative attractiveness of cloud based technology industry can be analysed as follows: Threat of New Entrants - SpotifyTM offers its subscribers a vast database of music via cloud computing technology. As a result the subscribers will have faster access to music more conveniently and even from their mobile sets, at any place any time without having them to carry memory devices. At the same time multi-user interface will not slow down the server. The users will also get unlimited storage space and remote access even if their hard disk may have limited space. All these features and facilities provided by SpotifyTM are unlikely to face threat from the new entrants. Bargaining Power of Suppliers - The cost of cloud computi ng is economical since the database is centralised. It also requires less space, bandwidth and power. Thus, suppliers will have limited influence over SpotifyTM business model. Bargaining Power of Buyers - Cloud computing is very cost effective as it do not require subscribers to invest extra time and money to use standalone servers. Using cloud based computing the subscriber will get the opportunity to save money on data storage cost, management cost, and software updates. Threat of Substitutes – The only threat to cloud based technology is open source computing but it is much slower and requires the subscriber to have physical memory in order to store data which makes it more expensive compared to cloud based technology. Rivalry among Existing Competitors - SpotifyTM offers cloud based