Assignment on Journal Summary

Running head: JOURNAL SUMMARY
JOURNAL SUMMARY
Name of the Student:
Name of the University:
Author’s Note:

JOURNAL SUMMARY
1
Journal Summary:-
Contract incentives are the funds by which a proprietor aims to protected specific project
goals over the contracting procedure. Incentive contracting naturally involves a static price or
cost compensation contract. Upon conclusion of the contract, the incentive expense will be
measured and paid. In this article1 describes an idea about the impact of Contract Incentives and
Penalties. The study’s outcomes contain willpower that the customer setting individual long and
short term goals for the retailer can avoid safeties associated with under and over incentivizing
the retailer. According to this journal 1, the reader must be acknowledged that penalties can be
active in provoking satisfactory inspiration in retailers. Incentives must be allocated with the
goals of project management.
Project procurement management is the conception of connections with outside retailers
and dealers for the products and facilities needed to finish a project. This procedure is included
of some stage like introducing and scheduling, choosing, contract writing, observing, and
concluding and finishing. In this study, 1 delivers project procurement which determines the
maximum mutual advantages of project management. The scholars 1 of this journal collect other
researcher’s view and provide some innovative method which describes relations among contract
incentives and project procurement. The report reader can identify that Contractual settlements
typically can be considered in one of two categories, static price or budget reimbursable, and
hold output language, schedule, and budget expectations.
1 Allen, M., Herring, K., Moody, J. and Williams, C., 2015. Project procurement: Impact of
contract incentives and penalties. International Journal of Global Business, 8(2), p.1.