Selecting a roofing company can be a difficult choice. Make sure you have considered
all the factors before hiring a contractor. Use this simple checklist to help you ask the
right questions and find the roofing contractor that is best suited for you!
Revenue Recognition for Government ContractsRobert E Jones
Revenue recognition has been a hot topic since the introduction of ASC 606 in 2014 - an accounting standard that changed the criteria for recognizing revenue for all companies and introduced a nuance unique to government contractors. Many small companies struggle to understand and apply the concept of recognizing revenue when it is earned versus when cash is received. As part of GAAP compliance, our role is to ensure that revenue and costs are matched (the matching principle) and that the amount of and timing of revenue recognition is accurate. Join us for this enlightening topic and learn how the termination for convenience clause in government contracts complicates an already complex process.
Learning Objectives
1. Discuss ASC 606
2. Describe the concept of alternate use
3. Recognize the termination for convenience clause
4. Explain performance obligation
5. Identify when delivery and acceptance occur
Revenue Recognition for Government ContractsRobert E Jones
Revenue recognition has been a hot topic since the introduction of ASC 606 in 2014 - an accounting standard that changed the criteria for recognizing revenue for all companies and introduced a nuance unique to government contractors. Many small companies struggle to understand and apply the concept of recognizing revenue when it is earned versus when cash is received. As part of GAAP compliance, our role is to ensure that revenue and costs are matched (the matching principle) and that the amount of and timing of revenue recognition is accurate. Join us for this enlightening topic and learn how the termination for convenience clause in government contracts complicates an already complex process.
Learning Objectives
1. Discuss ASC 606
2. Describe the concept of alternate use
3. Recognize the termination for convenience clause
4. Explain performance obligation
5. Identify when delivery and acceptance occur
111CORPORATE AWARD PROGRAMMEASSIGNMENT FRONT S.docxRAJU852744
1
11
CORPORATE AWARD PROGRAMME
ASSIGNMENT FRONT SHEET
STUDENT MEMBERSHIP NUMBER
COHORT NAME and NUMBER
Cohort 6
ASSESSMENT Code / Number
AS2
MODULE TITLE
Developing Contracts in Procurement and Supply
SUBMISSION DEADLINE DATE
Second Submission
WORD COUNT
3184
Please do not change or remove the wording in this front sheet as this is required for all submissions under the Corporate Award Programme. Any submissions received without the correct front sheet will be returned to the candidate for amendment and re-submission and may delay marking.
1. Please ensure that you complete and attach this form to the front of your submission. It will not be accepted if it as sent as a separate file to the submission itself.
2. Before submission, please ensure that your name does not appear anywhere on your work.
3. By submitting your work, you are confirming that your work is your own and that you have read and understand CIPS rules regarding plagiarism and the consequences that will arise should you submit plagiarised work.
Table of Content
1. Executive summary
2. Question one……………………………………………………………………….
3. Question two ………………………………………………………………………
4. Question three ……………………………………………………………………
5. Conclusion
Introduction:
Terms and conditions is a set of regulations, which supplier and customer must agree to follow in order to create a contract. They will have to agree on terms and conditions of the contract as well as any possible liabilities in case of a breach of the contract. As one of the major companies in the world, SABIC has a set of detailed terms and conditions referred to as Standard Terms and Conditions in which supplier accepts and aware of before registering in SABIC as an approved supplier. Certainly, it is open for negotiation before the creation of the contract. The standard terms and conditions is very comprehensive to accommodate all type of contracts and types of suppliers. For instance, there is a special terms and contract for internal and external of KSA.
Executive summary
Subject matter
This report evaluates and provides an analysis of the opportunities for the supply and procurement function, explains how the terms and conditions can be improved and how collaboration can be created with stakeholders to increase early engagement. The report also gives a general overview of the need for organizational policies and procurement in order to implement effective procurement supply.
Key findings
· After doing an extensive research, I drew attention to the fact that the company should identify and allocate purchasing activities to achieve the best value for money. I found out that it can be done by applying the five rights of acquisition and value for money criteria to any purchase of good and services similarly assessing the acquisition of possessions and amenities based on total cost of ownership is an important step. Furthermore, creating savings and improve efficiency requires the company to negotiate with the supplier.
111CORPORATE AWARD PROGRAMMEASSIGNMENT FRONT S.docxaulasnilda
1
11
CORPORATE AWARD PROGRAMME
ASSIGNMENT FRONT SHEET
STUDENT MEMBERSHIP NUMBER
COHORT NAME and NUMBER
Cohort 6
ASSESSMENT Code / Number
AS2
MODULE TITLE
Developing Contracts in Procurement and Supply
SUBMISSION DEADLINE DATE
Second Submission
WORD COUNT
3184
Please do not change or remove the wording in this front sheet as this is required for all submissions under the Corporate Award Programme. Any submissions received without the correct front sheet will be returned to the candidate for amendment and re-submission and may delay marking.
1. Please ensure that you complete and attach this form to the front of your submission. It will not be accepted if it as sent as a separate file to the submission itself.
2. Before submission, please ensure that your name does not appear anywhere on your work.
3. By submitting your work, you are confirming that your work is your own and that you have read and understand CIPS rules regarding plagiarism and the consequences that will arise should you submit plagiarised work.
Table of Content
1. Executive summary
2. Question one……………………………………………………………………….
3. Question two ………………………………………………………………………
4. Question three ……………………………………………………………………
5. Conclusion
Introduction:
Terms and conditions is a set of regulations, which supplier and customer must agree to follow in order to create a contract. They will have to agree on terms and conditions of the contract as well as any possible liabilities in case of a breach of the contract. As one of the major companies in the world, SABIC has a set of detailed terms and conditions referred to as Standard Terms and Conditions in which supplier accepts and aware of before registering in SABIC as an approved supplier. Certainly, it is open for negotiation before the creation of the contract. The standard terms and conditions is very comprehensive to accommodate all type of contracts and types of suppliers. For instance, there is a special terms and contract for internal and external of KSA.
Executive summary
Subject matter
This report evaluates and provides an analysis of the opportunities for the supply and procurement function, explains how the terms and conditions can be improved and how collaboration can be created with stakeholders to increase early engagement. The report also gives a general overview of the need for organizational policies and procurement in order to implement effective procurement supply.
Key findings
· After doing an extensive research, I drew attention to the fact that the company should identify and allocate purchasing activities to achieve the best value for money. I found out that it can be done by applying the five rights of acquisition and value for money criteria to any purchase of good and services similarly assessing the acquisition of possessions and amenities based on total cost of ownership is an important step. Furthermore, creating savings and improve efficiency requires the company to negotiate with the supplier ...
CONTRACT MANUFACTURING is defined as the manufacture (or partial manufacture) of a product to the order of one person or organization (the contract giver or customer) by another independent person or organization (the contract acceptor or principal manufacturer).
Navigating the Path to BIS Registration & Certification in IndiaPranshuCorpseed
The Bureau of Indian Standards (BIS) plays a pivotal role in ensuring the quality and safety of products circulating in the market. BIS registration and certification are essential components of this regulatory framework, aiming to uphold standards and protect consumer interests.
Citrin Cooperman Partner Aaron Chaitovsky, in conjunction with law firm Gray Plant Mooty, present on the requirements and issues involved in California Law AB 525 and what franchisors must do now to avoid costly mistakes.
Enhancing Profits through Effective Supplier Agreement ManagementDanish Butt
The presentation delves into optimizing business profitability through strategic supplier agreement management. It covers the significance of effective supplier relationships, including the importance of clear terms, compliance, and performance metrics. It also discusses various contract types, stakeholder roles, negotiation tactics, and the implementation of useful tools and software. The guide highlights the challenges in this domain and emphasizes the impact on business profitability, such as cost reduction, enhanced quality, and supply chain resilience. The conclusion stresses the importance of continuous improvement and strategic sourcing for business growth and innovation.
One of the key themes is the critical role of clear terms and conditions in supplier agreements. This part of the presentation emphasizes the necessity of having well-defined contract terms to avoid ambiguities that can lead to conflicts or inefficiencies. It also covers the aspect of compliance, stressing how adherence to contractual terms and legal regulations is pivotal in maintaining fruitful supplier relationships.
Another major focus is on the roles of different stakeholders in SAM. The presentation elucidates how effective collaboration and communication between various departments within an organization, such as procurement, legal, and finance, can lead to more successful supplier agreements. It also touches upon the role of suppliers themselves and how fostering strong, collaborative relationships with them can result in mutually beneficial outcomes.
In terms of practical application, the guide provides insights into effective negotiation tactics, highlighting how skilled negotiating can lead to more favorable contract terms. It also explores various tools and software solutions that can aid in managing supplier agreements more efficiently, pointing out how technology can be a game-changer in this domain.
The presentation does not shy away from addressing the challenges in supplier agreement management. It provides a realistic view of the potential hurdles businesses might face, such as changing market conditions, supplier reliability issues, and internal resistance to change. These insights help prepare organizations to anticipate and effectively manage these challenges.
Overall, this presentation is a rich resource for anyone looking to enhance their business's profitability and efficiency through strategic supplier agreement management. Its comprehensive coverage of the topic, from foundational concepts to advanced strategies and real-world challenges, makes it an invaluable guide for professionals striving to make a significant impact in their organizations through effective supplier management.
For a more detailed insight, I recommend exploring the presentation itself.
Presented by Swiftwater & Co (https://swiftwaterco.com) and Danish Butt (https://www.linkedin.com/in/danishbutt/).
111CORPORATE AWARD PROGRAMMEASSIGNMENT FRONT S.docxRAJU852744
1
11
CORPORATE AWARD PROGRAMME
ASSIGNMENT FRONT SHEET
STUDENT MEMBERSHIP NUMBER
COHORT NAME and NUMBER
Cohort 6
ASSESSMENT Code / Number
AS2
MODULE TITLE
Developing Contracts in Procurement and Supply
SUBMISSION DEADLINE DATE
Second Submission
WORD COUNT
3184
Please do not change or remove the wording in this front sheet as this is required for all submissions under the Corporate Award Programme. Any submissions received without the correct front sheet will be returned to the candidate for amendment and re-submission and may delay marking.
1. Please ensure that you complete and attach this form to the front of your submission. It will not be accepted if it as sent as a separate file to the submission itself.
2. Before submission, please ensure that your name does not appear anywhere on your work.
3. By submitting your work, you are confirming that your work is your own and that you have read and understand CIPS rules regarding plagiarism and the consequences that will arise should you submit plagiarised work.
Table of Content
1. Executive summary
2. Question one……………………………………………………………………….
3. Question two ………………………………………………………………………
4. Question three ……………………………………………………………………
5. Conclusion
Introduction:
Terms and conditions is a set of regulations, which supplier and customer must agree to follow in order to create a contract. They will have to agree on terms and conditions of the contract as well as any possible liabilities in case of a breach of the contract. As one of the major companies in the world, SABIC has a set of detailed terms and conditions referred to as Standard Terms and Conditions in which supplier accepts and aware of before registering in SABIC as an approved supplier. Certainly, it is open for negotiation before the creation of the contract. The standard terms and conditions is very comprehensive to accommodate all type of contracts and types of suppliers. For instance, there is a special terms and contract for internal and external of KSA.
Executive summary
Subject matter
This report evaluates and provides an analysis of the opportunities for the supply and procurement function, explains how the terms and conditions can be improved and how collaboration can be created with stakeholders to increase early engagement. The report also gives a general overview of the need for organizational policies and procurement in order to implement effective procurement supply.
Key findings
· After doing an extensive research, I drew attention to the fact that the company should identify and allocate purchasing activities to achieve the best value for money. I found out that it can be done by applying the five rights of acquisition and value for money criteria to any purchase of good and services similarly assessing the acquisition of possessions and amenities based on total cost of ownership is an important step. Furthermore, creating savings and improve efficiency requires the company to negotiate with the supplier.
111CORPORATE AWARD PROGRAMMEASSIGNMENT FRONT S.docxaulasnilda
1
11
CORPORATE AWARD PROGRAMME
ASSIGNMENT FRONT SHEET
STUDENT MEMBERSHIP NUMBER
COHORT NAME and NUMBER
Cohort 6
ASSESSMENT Code / Number
AS2
MODULE TITLE
Developing Contracts in Procurement and Supply
SUBMISSION DEADLINE DATE
Second Submission
WORD COUNT
3184
Please do not change or remove the wording in this front sheet as this is required for all submissions under the Corporate Award Programme. Any submissions received without the correct front sheet will be returned to the candidate for amendment and re-submission and may delay marking.
1. Please ensure that you complete and attach this form to the front of your submission. It will not be accepted if it as sent as a separate file to the submission itself.
2. Before submission, please ensure that your name does not appear anywhere on your work.
3. By submitting your work, you are confirming that your work is your own and that you have read and understand CIPS rules regarding plagiarism and the consequences that will arise should you submit plagiarised work.
Table of Content
1. Executive summary
2. Question one……………………………………………………………………….
3. Question two ………………………………………………………………………
4. Question three ……………………………………………………………………
5. Conclusion
Introduction:
Terms and conditions is a set of regulations, which supplier and customer must agree to follow in order to create a contract. They will have to agree on terms and conditions of the contract as well as any possible liabilities in case of a breach of the contract. As one of the major companies in the world, SABIC has a set of detailed terms and conditions referred to as Standard Terms and Conditions in which supplier accepts and aware of before registering in SABIC as an approved supplier. Certainly, it is open for negotiation before the creation of the contract. The standard terms and conditions is very comprehensive to accommodate all type of contracts and types of suppliers. For instance, there is a special terms and contract for internal and external of KSA.
Executive summary
Subject matter
This report evaluates and provides an analysis of the opportunities for the supply and procurement function, explains how the terms and conditions can be improved and how collaboration can be created with stakeholders to increase early engagement. The report also gives a general overview of the need for organizational policies and procurement in order to implement effective procurement supply.
Key findings
· After doing an extensive research, I drew attention to the fact that the company should identify and allocate purchasing activities to achieve the best value for money. I found out that it can be done by applying the five rights of acquisition and value for money criteria to any purchase of good and services similarly assessing the acquisition of possessions and amenities based on total cost of ownership is an important step. Furthermore, creating savings and improve efficiency requires the company to negotiate with the supplier ...
CONTRACT MANUFACTURING is defined as the manufacture (or partial manufacture) of a product to the order of one person or organization (the contract giver or customer) by another independent person or organization (the contract acceptor or principal manufacturer).
Navigating the Path to BIS Registration & Certification in IndiaPranshuCorpseed
The Bureau of Indian Standards (BIS) plays a pivotal role in ensuring the quality and safety of products circulating in the market. BIS registration and certification are essential components of this regulatory framework, aiming to uphold standards and protect consumer interests.
Citrin Cooperman Partner Aaron Chaitovsky, in conjunction with law firm Gray Plant Mooty, present on the requirements and issues involved in California Law AB 525 and what franchisors must do now to avoid costly mistakes.
Enhancing Profits through Effective Supplier Agreement ManagementDanish Butt
The presentation delves into optimizing business profitability through strategic supplier agreement management. It covers the significance of effective supplier relationships, including the importance of clear terms, compliance, and performance metrics. It also discusses various contract types, stakeholder roles, negotiation tactics, and the implementation of useful tools and software. The guide highlights the challenges in this domain and emphasizes the impact on business profitability, such as cost reduction, enhanced quality, and supply chain resilience. The conclusion stresses the importance of continuous improvement and strategic sourcing for business growth and innovation.
One of the key themes is the critical role of clear terms and conditions in supplier agreements. This part of the presentation emphasizes the necessity of having well-defined contract terms to avoid ambiguities that can lead to conflicts or inefficiencies. It also covers the aspect of compliance, stressing how adherence to contractual terms and legal regulations is pivotal in maintaining fruitful supplier relationships.
Another major focus is on the roles of different stakeholders in SAM. The presentation elucidates how effective collaboration and communication between various departments within an organization, such as procurement, legal, and finance, can lead to more successful supplier agreements. It also touches upon the role of suppliers themselves and how fostering strong, collaborative relationships with them can result in mutually beneficial outcomes.
In terms of practical application, the guide provides insights into effective negotiation tactics, highlighting how skilled negotiating can lead to more favorable contract terms. It also explores various tools and software solutions that can aid in managing supplier agreements more efficiently, pointing out how technology can be a game-changer in this domain.
The presentation does not shy away from addressing the challenges in supplier agreement management. It provides a realistic view of the potential hurdles businesses might face, such as changing market conditions, supplier reliability issues, and internal resistance to change. These insights help prepare organizations to anticipate and effectively manage these challenges.
Overall, this presentation is a rich resource for anyone looking to enhance their business's profitability and efficiency through strategic supplier agreement management. Its comprehensive coverage of the topic, from foundational concepts to advanced strategies and real-world challenges, makes it an invaluable guide for professionals striving to make a significant impact in their organizations through effective supplier management.
For a more detailed insight, I recommend exploring the presentation itself.
Presented by Swiftwater & Co (https://swiftwaterco.com) and Danish Butt (https://www.linkedin.com/in/danishbutt/).
Q4-2016 Public Sector Risk Briefing - Third Party Contract Reviews (STL)
Checklist for Comparing Roofing Companies
1. 524 Fleet Ave. Winnipeg, MB R3L 0S2 (204)237-7663 www.pristineroofing.com
Is the contractor legitimately listed?
A dedicated contractor will use basic identifiers like a website
or placement in the phonebook.
Is the contractor approved and admired by the
Better Business Bureau?
Ensure that the contractor has been accredited and positively rated.
http://manitoba.bbb.org/Find-Business-Reviews/
Can and will the company provide a list of references
from previous customers?
Does the company use a written contract, detailing the
work to be done and terms of payment?
Proper, physical documentation is a crucial safeguard in this process.
Will the contractor provide you with its workmanship
warranty in writing?
Does the roofing company only use new materials that are
fully backed by a warranty?
Materials approved and marked with the Canadian Standards
Association seal ensure that the materials have been properly tested,
meet industry standards and have a warranty.
Is the roofing company certified by the manufacturers
whose product they are installing?
Well instructed roofers can prove certification from specific
product manufacturers.
Does the roofing company carry proper liability insurance
and workers-compensation coverage?
A responsible contractor will be registered and cleared with good
standing by the Workers Compensation Board of Manitoba.
http://www.securewcb.mb.ca/clearances/FirmSearch
Is the contractor COR certified?
The COR program verifies that a Manitoban construction company
meets the national safety standards.
http://www.constructionsafety.ca/cor/CORCertifiedComp.htm
Is the contractor a member of the Manitoba Shingling
Contractors Association?
Ensure the company works at a standard of roofing excellence.
http://manitobashingling.ca/members.html
Selecting a roofing company can be a difficult choice. Make sure you have considered
all the factors before hiring a contractor. Use this simple checklist to help you ask the
right questions and find the roofing contractor that is best suited for you.
Roofer 2 Roofer 3 Roofer 4
A Checklist for Comparing
Roofing Companies