The recent outbreak of war in Iraq has caused the production of several letters of intent (LOI) between four large commercial banks and a number of Iraqi companies. Though these documents might seem as an indication of the financial capital of the projects they are not a binding contract. In reality, each individual Iraqi company ought to take all necessary measures to ensure the authenticity of the LOI prior to registering.
Security issues are the leading consideration in contracting Iraq. Aside from what is occuring in Iraq, there are particular other considerations that needs to be borne in mind prior to signing any contract with the Iraqi government. Contractors are invited to launch two-way communication stations together with write my essay Iraqi ministries of finance and commerce. They must also understand that there are strict regulations and steps for attaining acceptance for new jobs.
The contract is currently signed with the knowledge that both sides will use custom research documents to assess the viability of the proposed project. This analysis will be essential in providing comprehensive and accurate advice to the investors. A couple of easy-to-use forms are given by the International Institute of Strategic Studies (IISS), to guarantee the credibility of the project.
During this Resource Box you’ll come across the development-friendly terms that you will need to search for in almost any project. The Development-Friendly Requirements identify the elements that will ensure the sustainability of the undertaking. These include sound financial management, a sound business write an essay for me model, direction and functioning of the project.
It’s crucial to note that these are basically the components that will ensure that the project will soon be in operation for a short period of time. This can be accomplished by making adequate provision for your fiscal security, for example ensuring the funding through any current source of earnings.
Furthermore, a business strategy is vital in order to explain how experienced staff will deliver the undertaking. The shipping schedule of the project has to be clearly explained and the dedication of the job owners to fulfill them needs to be shown.
Besides the budget to your project and the essential monetary investment, a business plan must also highlight how the company will handle its working capital. It is essential to be aware that most companies who have established contracts in Iraq do not have the fiscal resources required to satisfy up with the demand for their solutions and also to continue to provide them to the duration of the undertaking.
The Indian companies have experienced a distinct advantage if they engage in contract direction in Iraq. The IBEX (Indian Business Exporters) was working actively with many Indian firms in Iraq for many years now.