Surface Rights vs Mineral Rights In most transactions the lessee is the one who prepares a contract for signature If the owner signs without getting professional advice the rights conveyed to the lessee might be greater than the owner wants to give away The owner agrees to let a mining company remove the coal for a royalty of $3 per Construction Management Chapter 4 STUDY the bid price due to unexpected cost increases is called unbalancing the bid True False False Lump sum competitive contracts do not allow the owner to change the design once the construction starts True False Construction Management Chapter 2 16 terms Construction Management Chapter 3
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Owner vs contract mining model APPLICATION CLIENT SPECIFIC REQUIREMENTS ADDITIONAL REQUIREMENTS DATA INPUTS AND RESULTS DELIVERABLES IMPLEMENTATION This model was originally developed for one of the majors with numerous mines across Africa that employed contract mining methods to test the viability of owner operator miningContract Mining versus Owner Mining The Way Forward The results show that the decision to adopt owner mining or contract mining is influenced by the life of the mine the availability and use of capital and that contract mining helps to reduce the cost of mines with short life spans
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Owner operated mines versus contractor operated mines mining contracts the logistics associated with openpit contract mining on the African continent generally ensure longer contracts but is Advantage Reduces Risk The main advantage to the drawing up of contracts to minimize liabilities is that it reduces the risk that the company issuing the contracts will be sued
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Traditionally contract mining has come at a cost premium of about 15 to 20 compared to a owner mining scenario However due to the large number of junior mining companies entering the mining arena contract mining rates have recently dramatically This owner was preoccupied with the bottom line and failed to appreciate relative process risk There’s a spectrum of contract styles defined by risk spread Schedule of Rates With a 40 year record in the Australian Mining Industry this well understood contract type shifts the risk to the contractor
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Advantage Reduces Risk The main advantage to the drawing up of contracts to minimize liabilities is that it reduces the risk that the company issuing the contracts will be suedOwner operated mines versus contractor operated mines mining contracts the logistics associated with openpit contract mining on the African continent generally ensure longer contracts but is
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Surface rights vs mineral rights has become a hot topic in oil gas leasing and operations Do you have any power over the oil company This may sometimes come as a surprise to an owner that would like to participate as in make money through an oil and gas lease However in other parts of the US where drilling mining or wind Owner enters into direct contracts supervised on its behalf by the PCM with design Contractors construction Contractors and suppliers Under the PCM structure the manager/Contractor is nominated as the Owner’s agent to manage the direct contracts with designers Contractors and suppliers
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Fortescue Metals Group plans to move to a full owner operator model at its Christmas Creek mining operations after Downer EDI s contract expires at the end of September FMG to become owner operator Mark Beyer Monday 4 April 15 56 facebook twitter linkedin printA cost plus contract has advantages and some drawbacks for both the contractor and project owner Some of the advantages of a cost plus contract include The contractor will not be able to reduce workmanship It can focus on quality instead of cost It could cover all related expens
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Home Building Commissioning Owner s Role and Responsibilities in the Commissioning Process Owner s Role and Responsibilities in the Commissioning Process Owner s Role and Responsibilities in the Commissioning Process by the WBDG Project Management Committee or is not under direct contract to the Owner a conflict of interest may Construction Management Chapter 4 STUDY the bid price due to unexpected cost increases is called unbalancing the bid True False False Lump sum competitive contracts do not allow the owner to change the design once the construction starts True False Construction Management Chapter 2 16 terms Construction Management Chapter 3
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Vicarious Liability for Contract Mine Operations Expanding Liability for Mineral Owners and Lessees Michael T Heenan Lynn M Rausch Smith Heenan Althen Top KAT Mining Inc 3 209 AA W Coals Inc If a coal mine owner or lessee contracts with an 4 Zoonebloem is the owner of the property rights and the mining right for coal at the Singam Colliery 5 Close Up is a company duly incorporated in terms of the South African Company Laws with registered office at 90 Generaal Hertzog Avenue Three Rivers Vereeniging Close Up is a mining contractor
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I note that many people still seem puzzled by the role of a contract manager but in my mind a key role for the owner of ‘the contract management competency’is to enable effective contract management throughout the organization which means they must deliver empowerment that ensures efficiency speed quality etc In many Contract mining vs owner mining Recent negotiations with mining contractors that have been involved with project development at the onset of the project scoping studies prefeasibility studies have proved that as a project advances toward implementation there is an upwards creep in the actual contract rate The author has observed
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A concession agreement is a negotiated contract that gives the company the right to operate a specific business within the government s jurisdiction between the owner of a facility and the A construction contract provides a legal binding agreement for both the owner and the builder that the executed job will receive the specific amount of compensation or how the compensation will be distributed There are several types of construction contracts used in the industry but there are certain types of construction contracts preferred by construction professionals
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