The Engineering Mind
by George Grayson
Tenders and contracts.
A contract is made up to form an agreement between the two parties. It will involve the timescale of the build and the agreed costs and working conditions. Delivery dates and days of non work should also be stated. If the contract is not followed then it is called a 'breach of contract'. This means that one or more guidelines have not been followed or have been disobeyed by either the yourself or the other party. This can be anything from not completing the job on time, not showing up for work or failure to have material delivered to the site for an agreed date. You can also breach the contract by not paying the other party or not supplying them money for new materials.
Due to engineers been at the forefront of innovation and design its important that they protect their intellectual properties, as they will be sharing highly confidential information about their idea or products, such as; the designs, materials used and the processes. There are two categories of IP; Industrial Property, which protects trademarks, patents and industrial design. The other is Copyright which protects films, poems and plays, musical work, literary and artistic work such as paintings, drawings, sculptures and architectural designs.
The following techniques are important in order for successful innovation within your business. The purpose of innovation is stay one step ahead of the competition, developing new and improved products which put you in a good position in the markets and in the public interest. This will positively effect your company by increasing your place in the engineering world. For example if you create a new phone which is better then other phones currently on the market then more and more customers will more than likely buy your product at any cost, in turn increasing capital and customer attention.
In order for you to make "the next best thing" you need a team that can think outside the box of innovation, bringing ideas to the table that you would have never thought of on your own. To take it to a whole new level you need to be cooperative with other like minded organisations and agents to be able to increase your effectiveness by working together. To get the greatest amount of information about the markets and new materials around, you need someone that will outsourcing specialists which will open your eyes to new and invent ways of working your way into the market and staying on top of your competition.
You need to know what gaps there are in the market or what is needed at present. Creating it at a higher quality, realizing how you can make a difference and why your product will be better than others that are currently on the market. This will improve work flow and capital within your business, putting you in a more advantages position for future demand.
Successful innovation within a business plan.
Successful tendering within a business plan.
When tendering is implemented within a business plan it allows you to plan who you will do business with and gives you time to create and put a tendering process in place which makes sure that you win your fare share of business. This is vital component to ensure that your business succeeds in the long run. Winning certain tenders allows you to open doors to other areas of the market and connecting you with businesses within. If you don't plan your tenders well, you are less likely to win any, meaning that you will have no business in the first place. Another important stage that is involved in tender planning is that you need to plan for to match your sales. For example if you are frequently selling a certain product, then you will have to plan to keep a constant flow from the development, management and resource sectors by having tenders in place to keep on top of your sales that the business generates.
Successful contracting within a business plan
Organizing your contracts within a business plan will help out massively when the business starts up. Planning your contracts will allow you to make sure that the contracts that you have constructed are absolutely correct, and that the funding is in place, whether its in staged payments or a one off payment. You need to understand that the sign off agreements between the supplier/company and yourselves are arranged and signed by both parties. An example for successful contracting would be, that engineers at Apple will know exactly what they are planning to build and how it will be designed. They will also need to know where they will source their resources and materials from. This means that they need to decide as to who they go to for the different components and materials in the procedures of building the new product. All in all the engineers and Apple will have to have contracts in place for all the different companies and suppliers within the processes to ensure quality resources and prompt delivery of the final product.