Inadequacy
Inadequacy- Inadequacy refers to a feeling or perception of being insufficient, incapable, or not measuring up to a particular standard or expectation. It is often associated with a sense of…
HOTEL ENGINEERING AND MAINTENENCE
Circumstances under which equipment are generally replaced
Circumstances under which equipment are generally replaced- Equipment is generally replaced under various circumstances, depending on the type of equipment and its usage. Here are some common circumstances under which…
Equipment Replacement Policies
Equipment Replacement Policies- Equipment replacement policies refer to a set of guidelines and decision-making processes that organizations use to determine when to replace or upgrade their equipment, machinery, or assets.…
Service contract
Service contract- A service contract is a legally binding agreement between a service provider and a customer or client. This contract outlines the terms and conditions of the services to…
Rate contract
Rate contract- A rate contract is a type of procurement or purchasing agreement commonly used in business and government contracting. It is designed to simplify the procurement process and ensure…
Jumpsum contract
Jumpsum contract- A "Lump Sum Contract" is a type of construction contract in which the contractor agrees to complete a specific project for a fixed price. In this type of…
Price rate
Price rate- There are several types of price rates used in various contexts, including economics, finance, and business. Here are some common types of price rates: Retail Price: The price…
Types of contract
Types of contract- Contracts come in various forms and types, each serving a specific purpose and typically defined by their terms and conditions. Here are some common types of contracts:…
Advantages and disadvantages
Advantages and disadvantages- Contract maintenance, often referred to as contract maintenance services or facilities management, involves outsourcing the maintenance and upkeep of a facility or a specific set of assets…
Contract maintenance
Contract maintenance- Contract maintenance refers to the ongoing management and oversight of contracts once they have been executed and are in effect. It is a critical aspect of contract management…