A general contractor (main contractor, prime contractor) is responsible for the day-to-day oversight of a construction site, management of vendors and trades, and the communication of information to all involved parties throughout the course of a building project.
The general contractor is a manager, and possibly a tradesman, employed by the client on the advice of the architect, engineer or the architectural technologist or the client him/herself if acting as the manager. A general contractor is responsible for the overall coordination of a project.
A general contractor must first assess the project-specific documents (referred to as bid, proposal or tender documents). In the case of renovations, a site visit is required to get a better understanding of the project. Depending on the project delivery method, the contractor will submit a fixed price proposal or bid, cost plus price or an estimate. The general contractor considers the cost of home office overhead, general conditions, materials and equipment as well as the cost of labor to provide the owner with a price for the project.
The witness, led in evidence by Oyedepo, told the court that a company, April 1616 Investment Limited, said to be involved in the alleged procurement fraud was incorporated as a company limited by shares on August 1, 2016 ... He said the defendant was also not a member of the procurement services division of CBN.
In February 2022, then CLB executive director Cecil “Buddy” Orsini resigned at Adelup’s request, after OPA released a procurement decision detailing Orsini’s alleged involvement in contractor “fraud” and “misconduct.” ... In 2021, there were 240 contractors on Guam that held a so-called C-68 classification license that CLB issued.
...Ukraine and high inflation and interest rates and the impact they will have on the Company's operations, supply chains, ability to access mining projects or procure equipment, supplies, contractors and other personnel on a timely basis or at all and economic activity in general.
It was initially planned for completion in 2022 but was marred in delays tied to the COVID-19 pandemic, a dispute with the first contractor hired for the work and a budget climbing from the initial $288 million price tag to the latest estimate at $486 million, according to a 2022 report from the Government Accountability Office.
PIT has also recommended necessary action against the members of procurement committee for committing several illegalities including approval of the contractors, who were not fulfilling the minimum eligibility criteria ... The probe committee said that the contractors selected for ...
Akingunola admonished president Tinubu not to consider the distractive proposal of some people making the President head of National Procurement Council, noting that presidents all over the world only sit to discuss policies and programmes not with contractors to debate contracts ...
The Tropical Deforestation-Free Procurement Act would require contractors that use commodities from tropical forests to certify that their products were not sourced from land that has been degraded or deforested since Jan.
JeremyBeckett, head of national capital markets, said ... Yates said ... “The introduction of the BuildingSafetyAct places greater accountability on us as developers to ensure the technical robustness and safety of our projects, from the competency of the design teams and contractors we appoint to the procurement processes used with their supply chain ... .
... and rising inflation and interest rates and the impact they will have on the Company's operations, supply chains, ability to access mining projects or procure equipment, supplies, contractors and other personnel on a timely basis or at all and economic activity in general.
Procurement in its truest sense is finding the best supplier of goods or services that meet your business objectives combined with the optimum cost, time, and value in employing them against this remit ... navigate this procurement process – whether in the public or private sector.