Evaluating Contracts Assignment Example | Topics and Well Written Essays - 1500 words

Evaluating Contracts - Assignment Example Apart from the costs of the materials, the business will then have its markup, and the arrangement accommodates changes in the prices of materials (Gido & Clements, 2014, p. 87). The advantages of entering into a fixed-price contract for the business include that it will allow the business to secure and plan the execution of the contract fully, right from the beginning of the contract. The case for a cost-reimbursement contractual agreement is different, because the agreement limits the profits that the business could make from the execution, irrespective of the duration taken and the efficiency of executing the work. Secondly, this type of contracting will simplify the process of sales forecasting, because the profits to be drawn from the contract can be determined before starting the project, and that allows for more sales prospecting. The case is different in the case of entering into a cost-reimbursement contract, because disputes over the costs of materials and labor can affect the process of reimbursement and the profitability of the business – as a result (Gido & Clements, 2014, p. 87). The major risk arising from entering into this type of con tract is that, it is likely that the business will agree on a price which is too low, to the extent that it may not meet the costs of labor and materials adequately. Further, there is the risk that the increment of the prices (costs) of the materials needed for the execution of the contract may limit the business’ ability to make a profit from the contract, especially in the event that prices increase. The case is different in the case the business enters into a cost-reimbursement contractual arrangement, because it will allow the business the advantage of determining the profits to be made before starting the contract. This advantage is highly significant, where there is a risk of change (increment) in the costs of labor and materials. Arising

Documentation for Web Application Project Outline

Documentation for Web Application Project - Outline Example 1.  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Server - This is where the application will be installed (basically where the application files will be stores). In other words, this is the machine where all the data processing will be done. 2.  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Client - The client  represents the computer being used by the website visitor to access the information stored in the server. The website visitor will use browser software to access the website. The design process involves structuring the application together with its functionalities before developing the application. This planning helps in time saving and ensuring that the overall goal of the application in put in picture before one begins the development work. The design process will majorly depend on the kind of application being developed. As for the case of Plant and Machinery website application, the below process has been used. This part of the design focuses on the outlook of the website so that its usability is favorable to the website visitors. Here the designer must make sure that the focus is on the visitor because they never concentrate on how complex the application is but on how easy it is to