Construction Financial managemnt - Contracting managment Essay

Construction Financial managemnt - Contracting managment - Essay Example There are complex legal implications involved for both parties when entering a contract. There are a lot of foreign investors currently investing in Macau, as they belong to different nationalities, they do not hold adequate information about local laws of Macau. Therefore they have difficulties in entering into contacts with local businesses. The implications of entering into contracts with foreign nationals are a dilemma for local businesses as well. Adequate study into different contract practices can lead to a better understanding of business processes and difficulties faced in finalizing contracts. According to Davenport & Euher (2002), effective contract management can lead to improvements in both productivity and efficiency. Many business deals go sour because of ineffective contract management. Similarly foreign business is lost by local companies because they have slow processes of drawing out contracts. Therefore study of contract management practices can help us understand better ways of drawing out contracts that safeguard rights of local businessmen and do not drive away valuable business opportunities. Purely from the perspective of a foreign businessman research on contract management practices in Macau is invaluable. This can give them clues into what can be expected and legal implications of their actions. Effective knowledge of contract management can also give foreign businessmen a head start against competitors. The report will also recommend practices that should be adopted in the future to promote effective contract management. The aim of the research is to explore and identify the factors which are responsible for the rapid development of the contracting management in the Macau construction industry. A thoroughly review of literature and findings on the factors of the rapid development will be presented with recommendations on how to improve the implement of

Overuse of Acronyms in Professional Writing Research Paper

Overuse of Acronyms in Professional Writing - Research Paper Example cronyms which may be seen in scientific literature include ACE for Angiostensin Coverting Enzyme, BUN for Blood Urea Nitrogen, and CAT for Computerized Axial Tomography. On the other hand, intialisms like ACTH for Adreno-CorticoTrophic Hormone, PTST for Post-Traumatic Stress Syndrome, and RT-CR for Reverse Transcription Polymerase Chain Reaction are also frequently used in the same field. Acronyms are used in the highly technical world for the following purposes: However, acronyms may be overused in scientific writing to the point that the advantages are overshadowed by confusion (Ibrahim 27). This paper will examine the extent by which acronyms are being used in the scientific field with recommendations to prevent the overuse of acronyms in scientific writing Two studies were conducted to investigate the extent to which acronyms are overused in scientific literature: one by researchers Hong Yu, George Hripcsack, and Carol Friedman at Columbia University, and another by Dr. Everett Shocket, from the University of South Florida and the Bay Pines VA Medical Center. Using a computer program they developed, Yu, Hripcsack, and Friedman mapped acronyms in scientific journals to their respective long forms. Results revealed that only 25% of acronyms were defined in scientific articles. The remaining 75% of undefined acronyms were mapped to one of four online acronym databases. The study found that the acronyms had different meanings in each database (Yu, Hripesack, and Friedman 262). An acronym which stands for various meanings in the same field of expertise is a clear indication of irresponsible use and overuse of acronyms even in scholarly works. Findings of the study suggest that concerns about the prevalence of the overuse of acronyms are founded. The fact that an automated intervention to help readers match an acronym in a scientific journal to its correct long form had not been very successful implies the gravity of the problem on the overuse of