In recent times, commercial activities have become highly complex, and the standard forms of contracts have been integrated and become the common practice in the daily transactions of most agreements. Ideally, there are several advantages associated with using standard forms of contracts. For instance, according to the American Institute of Architects, standard forms contract ensure nationwide consistency and predictability in contracting process. More specifically, predictability […]

“Contract Management Services” Article Review Over the years, communities have worked with private management companies to enhance the operation of their public water supply systems. The arrangements are an important part of the communities and take various forms based on the needs of the particular community. The article by Heneghan (2004) focuses on highlighting the collaboration between water supply systems service providers and the communities […]

Debt can be acquired either internally or externally and used to finance a company’s projects. This is leveraging. This strategy, if put against increasing equity, is often a cheaper means of sorting financing problems. When done paying for the debt, the value of a company tremendously increases and the shareholders get significant increase in their wealth. Getting into debt the right way gives a company […]

The Problem of Substance Abuse within African Americans in US Substance abuse is a problem among some of the minority groups in the United States. The most affected group is the African Americans. This is the reason why I opted to focus on this population. Alcohol intake among African Americans has resulted to problems such as spread of HIV/AIDS to American citizens, violence, and increased […]

Temperament can be understood as a natural characteristics of newborns which can be altered and adjusted with experience. Temperament can be seen early in a child’s development and it stabilizes with time as explained by Fu and Perez-Edgar (2014). It is a biologically based element of human development and this makes it hereditable as recorded by Shiner et al. (2012). To humans, temperament is important […]

Efficient market hypothesis is an investment theory that proposes that the prevailing stock prices in the market is a reflection of the available information concerning the value of the firm, thus the stock can never be undervalued or overpriced. It indicates that due to the market efficiency, the prevailing share prices will always reflect relevant information, thereby making the stocks to trade on their fair […]

Procurement management follows a logical order similar to that of a project management plan. According to the PMBOK (2013), the process includes the contract management and control processes necessary to acquire products or services as authorized by project team members. The process involves mutually binding agreements that require the seller to deliver the specified services or products and compels the buyer to meet the monetary […]

When a new drug is developed and marketed, it is protected by a patent, which ensures that other companies do not market a similar drug. Such drugs are referred to as branded, and other manufacturers can only manufacture a similar drug once the patent protection has expired. The U.S. Food and Drug Administration grants the approval allowing other companies to manufacture generic drugs, which has […]

Risk management for Contracts” Article Review  The article Risk Management for contracts asks the ultimate question, what is the objective of any contract? According to Massey (2008), one side, the argument is that a contract defines the rights and responsibilities of each party in a contract. While on the other, others believe that contracts define the way parties act in case an uncertain event happens […]

Given its invasive presence in literally every aspect of the human life, stress in unavoidable. At the workplace, stress is likely to take a toll on productivity, the physical and emotional health of the individuals. Law enforcement is among the organizations that rank highly as one of the most stressful occupations globally. According to Jaramillo, Nixon, and Sams (2005) law enforcers are exposed to acute […]