The withdrawal of assets is also an example of recovery. A car is a form of guarantee that provides a car credit. If you do not pay the loan, the lender can get the car back. The silos process is an example of recovery. In this case, the lender resells ownership of a property when the buyer defaults on the mortgage repayment obligation. The most appropriate type of contract is a contract that allocates the risk appropriately between the client and the contractor. In principle, there are two types of contracts: the fixed-price contract and the cost-plus contract. Until recently, national governments have traditionally favoured the establishment of an open tendering system for the awarding of salvage contracts. However, a modified form has become more popular, in which collection companies must first submit pre-qualification documents and are only invited to tender for pre-qualified contractors.
This reduces the risk of contracts being awarded to irresponsible contractors who have made bids well below the cost of the project and then have difficulty carrying out the project. Powerful project management teams are essential to the implementation of large-scale remediation and soil improvement projects. The project manager must not only have contract management skills, but also assess the needs of specialists such as geotechnicians and coastal engineers. An understanding of dredging techniques and equipment manufacturers. Three main areas should be represented on the project team: contract management, geotechnical know-how and coastal engineering. The contract management team is responsible for planning, timing, procurement and quantity investigation, with discussion and advice from the other two divisions. While all necessary geotechnical studies and tests should be carried out by the geotechnical department, coastal and marine measurements should be carried out under the direction of coastal engineers. The shape and nature of the contract affects the final price of a project, as well as certain technical specifications related to the element of risk inherent in reclamation operations.