The recent outbreak of war in Iraq has resulted in the production of many letters of intent (LOI) between four big commercial banks and lots of Iraqi companies. Though these documents may seem as a sign of their financial backing of the jobs they are not a binding contract. In fact, each individual Iraqi company needs to take all necessary steps to ensure the credibility of the LOI prior to registering.
Security concerns are the leading consideration in contracting Iraq. Apart from what is occuring in Iraq, there are particular other considerations which should be borne in mind prior to signing any contract with the Iraqi authorities. Contractors are encouraged bot essay writer to establish two-way communication channels with Iraqi ministries of finance and commerce. They have to also understand that there are stringent regulations and measures for attaining acceptance for new jobs.
The contract is now signed with the understanding the two sides will best essay ai writer use custom research documents to appraise the viability of the planned project. This evaluation will be critical in providing comprehensive and precise information to the investors. A couple easy-to-use forms are offered by the International Institute of Strategic Studies (IISS), to ensure the credibility of this project.
In this Resource Box you’ll find the development-friendly conditions that you need to search for in almost any project. The Development-Friendly Terms identify the elements which will ensure the longevity of this project. These include sound fiscal management, a sound business model, management and performance of the undertaking.
It is necessary to note that these are the components which will make certain that the undertaking will be in operation for a brief period of time. This is sometimes reached by making sufficient provision for your own fiscal safety, for example ensuring the financing through any present source of revenue.
Furthermore, a business strategy is essential so as to explain how seasoned staff will provide the undertaking. The shipping schedule of the project must be clearly explained and the commitment of the project owners to meet them must be shown.
Besides the budget for your project and the necessary financial investment, a business plan should also emphasize the way the company will manage its working capital. It’s very important to remember that most companies that have created contracts in Iraq don’t have the financial resources required to meet up with the demand for their solutions and to continue to supply them for the length of the project.
The Indian businesses have experienced a distinct advantage if they engage in contract direction in Iraq. The IBEX (Indian Business Exporters) has been working actively with several Indian companies in Iraq for several decades now.
