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How to Save Assurance Agreement in PPR

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they hold the title and you are the owner until you pay them off [Music] lets say you go out and buy a car josh do you have a car loan on anything right now yeah do you have the title to that car no no i dont that is an agreement for sale okay so whos the owner of the car right now the bank technically you are the owner of the car they are just simply holding the title until you pay them off man so it means you josh are the owner of the vehicle right your insurance company is not insuring the bank theyre insuring you as the driver right you are the owner of that vehicle you can sell it you can refinance it you can do whatever you want with that car you are the owner the way that that arrangement is set up with a car lender is that they hold the title and you are the owner until you pay them off when you pay them off they send you the document and they go okay the agreement is no longer an agreement for sale now youre just the full-blown owner you can do the same thing agreement f

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What is the difference between past experience and past performance?

The FAR also provides agencies with broad discretion in deciding how they will consider firms prior experience, which refers to whether the firms have done similar work before, and past performance, which describes how well they have done that work.

How can I speed up my procurement process?

8 Steps to Improve Procurement Efficiency Identify inefficient processes. Consolidate your supplier lists. Educate your workforce. Establish clear expectations for your supply base. Accelerate your P2P cycle time with an automated system. Standardize your procurement processes.

What are the advantages and disadvantages of EPC contracts?

Advantages and Disadvantages of EPC Contracts This contract arrangement also benefits contractors who will have more control over the design and selection of subcontractors. While contractors accept more risk with the coordination of the design, they can act more efficiently to lower construction costs.

What are the advantages and disadvantages of contracting?

Advantages and Disadvantages of Contracting Higher take-home pay. Tax relief on business expenses. Greater opportunity for tax planning. Total control of your business and name. One company for all your business interests. Limited liability and protection of personal assets.

What are the risks in EPC projects?

When dealing with risks for construction companies, there are two levels of risks to manage: corporate risks and project implementation risks. The principal disaster scenarios for an EPC contractor are: time disaster, commercial disaster, quality disaster, and health, safety, and/or environmental issues.

What are the cons of EPC?

Disadvantages of EPC Contractor Higher contract price as all risk is allocated to the contractor (construction risk premium), which results in an overall higher project capital cost (DLA PIPER, 2011) (Langhe Minde, 2018).

What is contract assurance?

Contract Assurance provides an independent review of contractual arrangements to provide assurance that key contractual requirements are being complied with.

What are the advantages of EPC contract?

Advantages of an EPC contract A Single Point of Responsibility. Fixed Contract Price. Fixed Completion Date. Can Set a Performance Specification. Performance Guarantee. Security. Caps on Liability. Has Rights to Suspend the Project.

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