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SolarCorp. won the bid to build an energy facility for a host country government. However, the...

SolarCorp. won the bid to build an energy facility for a host country government. However, the execution of the contract has been delayed due to bureaucratic procedures in the less developed nation. In order to legally overcome this problem, SolarCorp. could resort to the payment of

Multiple Choice

  • customs duties.

  • excise taxes.

  • expatriation taxes.

  • speed money

  • repatriation fees.

business   Operations-Management   
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Answer #1

Delays in project increases cost of project. When there is delay in execution of project from the client side, as a legal measure, the company that is managing the project can resort to Speed money.

The answer for this question is speed money

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