|
Hudson Formula
The Hudson Formula derives from ''Hudsons Building and Engineering Contracts'' and is used for the assessment of delay damages in construction claims. The formula is: (Head Office overheads + profit) ÷ 100 x contract sum ÷ period in weeks x delay in weeks Where Head Office is head office overheads and profits percentage submitted in a tender. In the alternative Emden Formula, only the actual head office overheads percentage is used. A claimant must prove a necessity to maintain resources on the project and an inability to re-allocate them to more profitable work and must give evidence of the processes within the head office to enable an assessment of the portion of overheads In business, overhead or overhead expense refers to an ongoing expense of operating a business. Overheads are the expenditure which cannot be conveniently traced to or identified with any particular revenue unit, unlike operating expenses such as r ..., if any, that are attributable to the delay caused b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Delay
Delay (from Latin: dilatio) may refer to: Arts, entertainment, and media * ''Delay 1968'', a 1981 album by German experimental rock band Can * ''The Delay'', a 2012 Uruguayan film People * B. H. DeLay (1891–1923), American aviator and actor * Dorothy DeLay (1917–2002), American violin instructor * Florence Delay (born 1941), French academician and actor * Jan Delay (born 1976), German musician * Jason Delay (born 1995), American baseball player * Jean Delay (1907–1987), French psychiatrist, neurologist, and writer * Paul deLay (1952–2007), American blues musician * Tom DeLay (born 1947), American politician * Vladislav Delay (born 1976), Finnish musician Science and technology Computing and telecommunication * Delay (audio effect), a technology for producing delayed playback of an audio signal * Delay (programming), a programming language construct for delaying evaluation of an expression * Analog delay line, used to delay a signal * Broadcast delay, a practice of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alfred Charles Emden
Alfred Charles Richard Emden was a barrister and County Court judge, best remembered as the author of the building law text ''The Law relating to Building Leases and Building Contracts''. This text gave rise to the Emden Formula, used to measure head office costs in construction delay claims, an alternative to the better-known Hudson Formula. Life Emden was born in 1849, the third son of William S. Emden. He was educated at King's School, Canterbury and in Paris under Professor Meliot. He entered the Inner Temple as Barrister in 1880. His publications included the ''Law of Building, ''The Practice in Winding up Companies'', ''Complete Collection of Practice Statutes'', Various Digests of Cases, and several articles on legal reform.''Who Was Who'' (2007) Judge Emden was noted for the rapidity with which he dealt with cases before his court.''The Times (1911) He was often at odds with his fellow judges in the matter of case congestion. In the latter years of his life, a disagreemen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Head Office
Headquarters (commonly referred to as HQ) denotes the location where most, if not all, of the important functions of an organization are coordinated. In the United States, the corporate headquarters represents the entity at the center or the top of a corporation taking full responsibility for managing all business activities. In the United Kingdom, the term head office (or HO) is most commonly used for the headquarters of large corporations. The term is also used regarding military organizations. Corporate A headquarters is the entity at the top of a corporation that takes full responsibility for the overall success of the corporation, and ensures corporate governance. The corporate headquarters is a key element of a corporate structure and covers different corporate functions such as strategic planning, corporate communications, tax, legal, marketing, finance, human resources, information technology, and procurement. This entity includes the chief executive officer (CEO) as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Overheads
In business, overhead or overhead expense refers to an ongoing expense of operating a business. Overheads are the expenditure which cannot be conveniently traced to or identified with any particular revenue unit, unlike operating expenses such as raw material and labor. Therefore, overheads cannot be immediately associated with the products or services being offered, thus do not directly generate profits. However, overheads are still vital to business operations as they provide critical support for the business to carry out profit making activities. For example, overhead costs such as the rent for a factory allows workers to manufacture products which can then be sold for a profit. Such expenses are incurred for output generally and not for particular work order; e.g., wages paid to watch and ward staff, heating and lighting expenses of factory, etc. Overheads are also a very important cost element along with direct materials and direct labor. Overheads are often related to accounti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
