The paper “ Planning, Tendering and Finance Processes” is an exciting example of the assignment on management. The report analyzes the possible risks that the company is likely to face when venturing into new sectors in an economy while considering the aspects of planning, financing, and acquisition of tenders. Every contract entered is an executory legal entity that seeks to bind one party to accomplish a task given by another party. This report seeks to analyze the view of the company’ s board regarding tendering, financing, and planning of contracts other and the view of the managing director regarding risk control with an aim of anticipating high levels of profitability.
It brings into conclusion the two arguments after considering the managing director’ s opinions and the board’ s opinion. The report has been prepared after doing research on the company’ s performance on previous contracts, financial powers, the power of planning and resource control, and the ability to acquire tenders. IntroductionThe ability of the company to achieve full contractual capacity is a separate legal feature that defines its uniqueness. However, contracts are executory legal bindings that bound the company to the other depending on the terms and conditions required by one party.
Planning and proper financial process are the key success factors towards attaining a high level of profitability in the company’ s tenders (Breuer and Nadler). Like any other entity, the Subsidiary company is given mandates by the parent company to enter legal contracts that can enable them to achieve high levels of profitability (Beaton). However, risk and uncertainties become a major field of concern to most tendering companies. A subsidiary company is evaluated by the parent company’ s board of directors to establish its viability when entering into construction contracts. There is a possibility that one party may default to accomplish its task within the agreed time or the construction contracts will lead to financial losses.
Being aware of common contract risks enables you to design better risk management strategies to control them.
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