The current outbreak of warfare in Iraq has resulted in the creation of many letters of intent (LOI) involving four big commercial banks and lots of Iraqi companies. Even though these documents might appear as an indication of their financial financing of the projects they aren’t a binding contract. In actuality, each person Iraqi company should take all necessary actions to guarantee the credibility of the LOI before registering.
Security concerns are the foremost concern in contracting Iraq. Apart from what is going on in Iraq, there are particular other factors that should be borne in mind prior to signing any contract with the Iraqi government. Contractors are encouraged to launch two-way communication stations with Iraqi ministries of finance and commerce. They have to also understand that there are stringent regulations and steps for attaining approval for new projects.
The contract is currently signed with the knowledge that both sides will utilize writing essays service custom research documents to appraise the viability of the proposed project. This test will be crucial in providing detailed and accurate information to the investors. A couple of easy-to-use forms essay writing service are provided by the International Institute of Strategic Studies (IISS), to guarantee the trustworthiness of this project.
During this Resource Box you will locate the development-friendly conditions you will need to look for in any undertaking. The Development-Friendly Requirements identify the elements which can ensure the sustainability of this project. These include sound fiscal management, a sound business model, direction and performance of the project.
It’s crucial to note that these are basically the components that will ensure that the undertaking will likely be in operation for a short period of time. This can be reached by making adequate provision for your own financial security, such as ensuring the funding through any present source of earnings.
Moreover, a business plan is vital so as to explain how experienced staff will deliver the project. The delivery schedule of this project has to be clearly explained and the commitment of the job owners to meet them needs to be shown.
Besides the budget to your project and the required monetary investment, a business plan must also emphasize the way the company will handle its working capital. It is very important to remember that most companies which have created contracts in Iraq do not have the financial resources needed to fulfill up with the demand for their solutions and to continue to supply them for the duration of the project.
The Indian companies have experienced a distinct advantage if they participate in contract direction in Iraq. The IBEX (Indian Business Exporters) has been working actively with several Indian businesses in Iraq for many decades now.