Trending Disputes Discussions

An amount of a lakh outstanding from a customer is disputed by the customer.How can this be disclosed in the accounts?‎

How do you start your contract reviews? Which are the major disputes areas in contracts management?‎

I will wait reply from specialist ! Jay‎

 

Answer added by  Subhranshu Ganguly, Quality Analyst., WIPRO
10 years ago

I have a question. Is the whole amount or part of the amount is disputed. The amount that cannot be recovered has to be treated as a bad debt. Even if the customer is not ... See More

 

Answer added by  Ichehoke Emoga , Quantity Surveyor, Techint Cimi-Montubi Nigeria Limited
11 years ago

Reviewing a contract entails that one understands what his stated obligations are under the contract. If you are uncertain as to your duties, and you sign a contract, yo ... See More

 

Answer added by  alessandro panico, Contracting&Negotiations Manager Italy and Middle East, Rockwell Automation
11 years ago

Start from the scope of work, then depending on the possible risks search for limitation of liability, change order, exclusion of any indirect damages, intellectual prope ... See More

 

Answer added by  Abdul Fattah Hakim, Senior Support Engineer Electrical,project manager,commissioning senior engineer, Abu Dhabi Company for Enshore Oil OPERATIONS
11 years ago

scope of work,safety requirement and contracual terms and condations

 

Answer added by  Jay Parekh, Contract Manager, Japanese Company
10 years ago

Read PMBOK rev5

 

Answer added by  mukkur srinivasan varadhan, Chartered Accountant, Chartered Accountant in practice
10 years ago

Amount disputed is a contingent liability which has to be disclosed as a footnote in the Financial statements