The recent outbreak of war in Iraq has caused the production of many letters of intent (LOI) between four large commercial banks and several of Iraqi businesses. Although these documents may appear as a sign of their financial backing of the projects that they aren’t a binding contract. In reality, each person Iraqi company should take all necessary measures to guarantee the authenticity of the LOI before registering.Security issues are the foremost consideration in contracting Iraq. Aside from what is occuring in Iraq, there are certain other considerations which should be borne in mind before signing any contract with the Iraqi government. Contractors are invited to establish two-way communication stations with Iraqi ministries of finance and trade. They must also know that there are strict regulations and measures for attaining acceptance for new projects.The contract is now signed with the understanding the two sides online essay will use custom research papers to assess the viability of their planned project. This evaluation will be crucial in providing comprehensive and precise information to the investors. A couple of easy-to-use forms are supplied by the International Institute of Strategic Studies (IISS), to guarantee the trustworthiness of this undertaking.With this Resource Box you will discover the development-friendly conditions which you need to search for in any undertaking. The Development-Friendly Requirements identify the components that can ensure the sustainability of the undertaking. These include sound fiscal management, a sound business model, management and functioning of the undertaking.It’s necessary to remember that these are basically the components that will ensure that the project will probably be in operation for a brief time period. This is sometimes achieved by making adequate provision for the fiscal safety, such as ensuring the financing through any current source of revenue.Furthermore, a business plan is essential so as to spell out how experienced staff will provide the project. The shipping schedule of this project has to be clearly explained along with the commitment of the job owners to fulfill them must be shown.Aside from the budget to your job and the essential monetary investment, a business plan must also emphasize the way the organization will manage its operating capital. It is crucial to remember that most companies that have set contracts in Iraq do not have the fiscal resources necessary to fulfill the demand for their services and to continue to provide them to the length of the undertaking.The Indian companies have experienced a distinct advantage when they participate in contract management in Iraq. The IBEX (Indian Business Exporters) was working actively with several Indian firms in Iraq for many years now.