Project Management and Operation Clause Samples
Project Management and Operation. The Awardee shall be responsible for the management of the Project and will operate the Project in an efficient and economic manner as well as maintaining the Project in good repair.
Project Management and Operation. The Grantee shall be responsible for managing the day-to-day operations of the Project and will operate the Project in an efficient and economic manner as well as maintaining the Project in good repair. The Grantee shall provide the service described in the Application and, if the Project is owned, leased or operated by participants other than the Grantee, the Grantee shall monitor such participants and ensure the Project is operated in accordance with representations in the Application.
Project Management and Operation. The Subrecipient shall be responsible for the management of the Project and will operate the Project in an efficient and economic manner as well as maintaining the Project in good repair.
Project Management and Operation. The provision of Project management and operations support including:
Project Management and Operation. 3.1 Project implementation plan Development
a. In the sphere of its role and as the project coordinator of the CEO, each co-founder needs to plan the project implementation. The plans should clearly state the implementation progress and the expected results.
b. The plans should be approved by the co-founders on the basis of consensus.
3.2 Human resources management The co-founders base on the project development plan to propose plan of human resource recruitment or staff dismissal. These decisions need to be mutually approved by the co-founders.
3.3 Financial management
a. The co-founders agreed to open an enterprise account of the Company at Asia Commercial Joint Stock Bank (ACB) to receive, keep receipts and expenditures relating to the operation of the Project;
b. The budget plan should be developed at the beginning of the project or annual or quarterly and should be approved by the co-founders.
c. Expenses with value above VND or expenses relating to the following issues need to be mutually agreed by all founders, including:
i. Hire staff whose salary is from VND __, 000,000/month.
ii. Rent business support services for the Company that costs from VND .000.000/month.
iii. Rent and purchase assets that value from VND ….,000,000.
iv. Expenses for business that costs from VND …,000,000.
v. The expenses are mutually agreed to supplement by the members.
d. Revenue (if any) is spent on issues in the following order of priority:
i. Reinvest in production and product development;
ii. Invest in marketing, brand development, distribution channels development to achieve the targets of this year’s business plan;
iii. Improve and develop human resources to improve the capacity, quality and effectiveness of the Company
iv. Compensate for the losses of the latest business period;
v. Distribute profit for co-founders.
e. Profits are distributed to the co-founders based on the project ownership rate when the project meets the following conditions:
i. Turnover is sufficient to cover expenses incurred in the corresponding period;
ii. The financial reserve is sufficient to implement the budget plan of the next business period;
3.4 Business administration
a. The Director is responsible for planning business development and deploying marketing and sales campaigns;
b. The deployment of business campaigns, partners coordination, signing of important cases which value is from VND needs to be approved by the Co-founders;
c. The transaction and negotiation, investment receipt, p...
Project Management and Operation. The Borrower shall be responsible for managing the day to day operations of the Project and will operate the Project in an efficient and economic manner as well as maintaining the Project in good repair.