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What is the difference between a joint venture partner and subcontractor?
subcontractor join to main contractor to form joint venture but that venture is not partnership
Difference between sole supplier and single source supplier?
Sole supplier is the only one supplier can be sourced in market. Single supplier is the one can be substituted by alternative supplier but buyer sources from single supplier for strategic reason. (PVO consolidation, etc)
Difference between share holder and stake owner?
stake owner is a person who have any stake in a company .he may be a supplier ,distributer
Where are subcontractor agreement available?
you can go to bistree .com for a subcontractor agreement that you need. They will assist you in your subcontractor agreement making and in everything you need.
Subcontractor Agreement?
Get StartedA Subcontractor Agreement is an agreement between a general contractor (the "General Contractor") and another party who has subcontracted to perform work and services for the General Contractor (the "Subcontractor"). The General Contractor is the party who will contract directly with the owner of the property on which the Subcontractor will be working. Frequently, the General Contractor has portions of the larger project that the General Contractor prefers not to do. Therefore, the General Contractor contracts those portions out to another party, the Subcontractor.If it is available, the Subcontractor may wish to review the Original Contract between the Owner and the General Contractor to be sure that there are no conflicting terms between it and the anticipated Subcontractor Agreement.This agreement allows the parties to describe which services and materials the Subcontractor will provide, specify the price for the work, and assign various rights and liabilities between the parties. Important provisions regarding indemnification, insurance, change orders, unforeseen conditions, defaults, the nature of the parties' relationship and miscellaneous concerns are also included.This agreement should be signed by both parties and becomes effective as of the date inserted at the beginning of the agreement.
What is a subcontractor release of lien?
this is a waiver of lien by contractor, subcontractor, or supplier.
What is the difference between a joint venture partner and subcontractor?
subcontractor join to main contractor to form joint venture but that venture is not partnership
What is the difference between a bidder and supplier?
a bidder is a contractor or supplier,but, .......
What is the difference between a customer and supplier?
A supplier makes the goods available that the customer then buys.
The difference between customer and supplier?
Supplier supplies product to the customer and the customer buys the product
Difference between sole supplier and single source supplier?
Sole supplier is the only one supplier can be sourced in market. Single supplier is the one can be substituted by alternative supplier but buyer sources from single supplier for strategic reason. (PVO consolidation, etc)
What is difference between vendor and manufacturer?
Vendor -Supplier of the product Manufacturer- developer of the product
What is the difference between supplier rating and supplier appraisal?
Vendor rating is relative to the industry/other peer companies in the respective sector. Supplier appraisal is specific to one company in relation with its earlier performance.
What is the difference between a prime contractor and a subcontractor?
The prime contractor is contracted by the end customer. Sub-contractors are contracted by the prime contractor or other sub-contractors.
What is the diffence between a nominated and a selected subconttactor with reference to liability?
A nominated subcontractor is chosen by the client or architect, and the main contractor is not liable for the performance of the nominated subcontractor. In contrast, a selected subcontractor is chosen by the main contractor, who remains liable for the selected subcontractor's performance.
What are the difference between direct subcontractor and nominated subcontractor?
a nominated subcontractor, with various provisions for obtaining indemnities by the subcontractor (or Employer) but under the main contractor responsibility and coordination, or ** another contractor, which FIDIC provides the incumbent Main Contractor is required to give site access, etc, etc to but coordinated by the Employer My own understanding, very simply put is that a nominated subcontractor is actually a "normal" subcontract between Main Contractor and Subcontractor, BUT that the nominated subcontractor is selected by the Employer and price agreed with the Employer directly. That would mean that the Main Contractor has the accountability for the subcontractor, notwithstanding any indemnities. The Consultant has stated today that in their opinion: ** the nominated subcontractor is selected by the Employer and signs a contract direct with the Employer ** the Employer will secure assurances, bonds / performance sureties and warranties direct with the subcontractor, and ** that the Main Contractor DOES NOT sign a subcontract with the subcontractor ** that the main Contractor will not be held liable for certain specified warranties My understanding is that the Main Contractor still should sign a subcontract with the nominated subcontractor and assumes the responsibilities of a Main Contractor over the Subcontractor - though the Employer states that the Main Contractor has no liability specified warranty issues and quality (only). I would believe the Main Contractor still has a number of responsibilities in respect of the subcontractor and their general performance. The Consultant assures they have checked FIDIC and it is normal for the Employer to sign a subcontract direct with the Nominated Subcontractor. I would believe in that case it is not a "Nominated Subcontract", but instead a direct supplementary contract between the Employer and their Contractor (secondary contractor) Can you kindly advise quite simply, the contractual position of a nominated subcontract under FIDIC ...... ie does the Employer sign the contract / subcontract with the Nominated Subcontractor, or is it a subcontract between Main Contractor and Nominated Subcontractor with the normal (in general terms) obligations by the Main Contractor for the Subcontractor, to the Employer.
Difference between indirect customer and direct customer?
Direct customer is someone dealing directly with the supplier, indirect customer is someone who deals with the supplier through an intermediary (agent, etc.)
