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Types Of Employment Contracts - Online Term Paper

Types Of Employment Contracts

A defined lump sum plan expresses employees' pension benefits as a lump sum amount, which makes it easy for them to understand and appreciate the benefits. In many cases, the plans also allow employees to accrue larger benefits at younger ages than they would under a traditional pension plan. And, increasingly, defined lump sum plans provide "portable" benefits that employees can take with them if they leave the company before retirement age.
Cost plus percentage contract:
Cost-plus construction contracts are often used for projects in which an owner or developer wishes to retain flexibility in selecting construction materials or modifying the design during construction. Unless ...

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fee that is fixed at the inception of the contract. The fixed fee does not vary with actual cost, but may be adjusted as a result of changes in the work to be performed under the contract. This contract type permits contracting for efforts that might otherwise present too great a risk to contractors, but it provides the contractor only a minimum incentive to control costs.
Design and build contract, also known as "package deal" and 'turnkey" contracts
Turnkey drilling services offer a viable method for operators to better man age drilling risks and reduce costs. In the future, they may be able to utilize drilling management contractor services for complete field development programs. The offshore turnkey drilling industry remained a high-margin, low-volume business until about 1993 when turnkey drillers began to realize bidding prices were not competitive with most operators' internal cost estimates. Increasing market share could only be achieved by reducing margins to match the ...

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Types Of Employment Contracts. (2005, February 24). Retrieved December 23, 2024, from http://www.essayworld.com/essays/Types-Of-Employment-Contracts/22791

"Types Of Employment Contracts." Essayworld.com. Essayworld.com, 24 Feb. 2005. Web. 23 Dec. 2024. <http://www.essayworld.com/essays/Types-Of-Employment-Contracts/22791>

"Types Of Employment Contracts." Essayworld.com. February 24, 2005. Accessed December 23, 2024. http://www.essayworld.com/essays/Types-Of-Employment-Contracts/22791.

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PAPER DETAILS

Added: 2/24/2005 09:30:14 PM
Category: Economics
Type: Free Paper
Words: 468
Pages: 2

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