Nationwide Highways

 National Freeways Essay

Countrywide highway expert of Pakistan is the singular owner of all the road development projects in Pakistan and it enjoys the benefit of monopoly as no privatized organization is allowed to participate in this area. As NHA is the natural Government organization and this adopt natural bureaucratic method to deal several construction assignments. Because of this strategy it encounters many complications regarding organizing, monitoring, organising and anything related to a project but each of our research is purely related to finance wing of NHA thus we will certainly skip other departments and sort out problems faced by simply NHA, s finance wing. As mentioned that NHA handles the projects in Pakistan so there exists lot of burden on the finance wing in fact it is very difficult to control its funds as well as rewarding its consultants and contractors regarding repayments. In looking at the repayment procedures plus the flow of funds to contractors and consultants we found that following would be the problems confronted by finance wing of NHA. A bank Guarantee equivalent to 10% of the project cost should be provided by the contractor, against which he can liable for large interest to the bank. The said assure must be valid up to the particular date of issuance defect legal responsibility certificate of the project. Not merely is the burden of interest created by the contractor but also a huge amount tied to the bank up to the date of completion length of the Task. Due to alter in the specs or design and style the volumes are various from time to time for which variation purchase is required to be given by the procedure side, which is a long process as well as the contractor, confronts the problem to get receiving his actual work. The enhancements made on specification as well as design also result the change in completion time for which usually E. Um. T is required to be issued simply by Operation side and needs a lot more time for issuance. The builder also looks a lengthy cycle of verifications for Job Director, Dy Director. Associate Director (Accounts) GM Affiliate (Finance) AND MANY OTHERS, so this...


Related

Assignment two - Simple Accounting Concepts and Business Structures Article

п»їAssignment 2 Simple Accounting Concepts and Organization Structures Fundamental Accounting Concepts and Business Structures Prior to the Great Depression and the crash from the stock market, there have…...

Texts in Time Essay, Medieval Literature

" Compare and contrast the presentation of female protagonists in Gothic Literature, to be able to determine the validity of Gothic like a serious genre rather than the basically…...

Financial Managment Essay

Introduction This assignment was given for college student doing Financial Management one particular (BBPW 3103). This statement is based on a great analysis of the financial overall performance of…...

Two Diverse Jobs Composition

Two Diverse Jobs It is quite hard for the person to make a choice about your future job. How will you make a choice about this? It's important you…...

Mesopotamia and Egypt DBQ Essay

Mesopotamia and Egypt DBQ AP World Record – Ms. Admire Gabriela Gutierrez Mesopotamia and Egypt Civilizations Mesopotamia was between most of the planet's ancient…...

Project Management Hotel Nzma Essay

Project Supervision HOTEL NZMA ENG. DIETRICH TRUCHSESS L. PH: 021719251 [email protected] com Project Management HOTEL NZMA FACILITIES SUPERVISOR TASK Facilities…...

Aboriginal Lower income Caused by Canada’s Bad Treatment Essay

Initiating Change The first step : Aboriginal Lower income From Canada's Bad Treatment Step 2: Contrary to the popular belief, the Aboriginal persons in Canada…...

The Spectacular Benefits Of Politics And Economical Globalization Dissertation

п»їPaknoosh Izadi Professor Wayne Petrozzi Governmental policies of Human being Needs 106-011 23 March 2014 Evaluating the Benefits of Political and Economical Globalization The thought…...

Toronto’s Serpentine Originals Fights Chinese Knockoffs of Its Made-in-Canada Jewelry Essay

Toronto's Serpentine Originals combats Chinese knockoffs of their made-in-Canada Jewellery -- See even more at: http://www.starbusinessclub.ca/money/torontos-foxy-originals-fights-chinese-knockoffs-of-its-made-in-canada-jewellery/#sthash. wTJYLb0N. dpuf They had a gem of your business thought.…...

West African Dance Composition

You may have read about different types of dances but would you at any time hear of the West Africa dance type? If you haven't then all of…...