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What is Business Dynamics

Chapter 15
Innovative and Agile Contracting for Digital Transformation and Industry 4.0
Strategies for improving the accuracy, timeliness, coverage, and integration of data that are used in constructing aggregate economic statistics. The business activity in this rapidly evolving environment increasingly requires tracking complex interactions among firms, establishments, employers, and employees.
Published in Chapter:
Contracting Dynamics in Acquiring or Awarding Decisions for Projects and Tenders
Mohamad Raafat Elbardiny (Aqarat Real Estate Development Company, Saudi Arabia)
Copyright: © 2021 |Pages: 20
DOI: 10.4018/978-1-7998-4501-0.ch015
Abstract
The construction sector is large; it engages a variety of professions thus it is a main provider of employment and has a diverse market. The construction sector has a reputation for being conservative, problematic, and inefficient. This should change as we are moving toward industry 4.0 and smart cities that is injecting new tools and business dynamics. This chapter is trying to find methodologies to make an equilibrium between value produced by the contract, the flexibility of contract terms and contracting conditions thus contractors can be controlled in a reasonable matter. We are in here applying concepts and techniques from statics science and structural engineering to calculate PORD or PRCD (the Percentage Profit On Realistic Cashflow Duration) as a new financial modeling parameter that can help financial planners and decision makers to take more realistic decision. This parameter can be used jointly with other financial parameters such as ROI, IRR and NPV.
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