The recent outbreak of war in Iraq has resulted in the creation of several letters of intent (LOI) between four big commercial banks and a number of Iraqi companies. Although these documents might seem as a sign of the financial capital of the projects that they aren’t a binding contract. In fact, each individual Iraqi firm must take all necessary actions to guarantee the authenticity of the LOI prior to signing it.Security concerns are the leading consideration in contracting Iraq. Apart from what is happening in Iraq, there are particular other considerations that should be borne in mind before signing any contract with an Iraqi authorities. Contractors are encouraged to launch two-way communication channels with Iraqi ministries of finance and trade. They need to also understand that there are stringent regulations and steps for attaining approval for new projects.The contract is currently signed with the understanding that both sides will utilize custom research documents to evaluate the viability of their proposed project. This analysis will be essential in providing comprehensive and precise information to your investors. A couple easy-to-use forms are supplied by the International Institute of Strategic Studies (IISS), locate more information to guarantee the trustworthiness of this project.With this Resource Box you’ll see the development-friendly terms that you want to search for in almost any project. The Development-Friendly Requirements identify the elements that can ensure the longevity of the undertaking. These include sound fiscal management, a solid business model, direction and operation of the undertaking.It is essential to be aware that these are essentially the elements which will make sure that the project will be in operation for a brief period of time. This is sometimes achieved by making adequate provision for your fiscal security, such as ensuring the financing through any present source of earnings.Furthermore, a business plan is important so as to spell out how experienced staff will provide the undertaking. The shipping schedule of the project must be clearly explained and the commitment of the job owners to fulfill them needs to be shown.Aside from the budget to your job and the required financial investment, a business strategy must also emphasize the way the company will manage its operating capital. It is very important to be aware that most companies that have set contracts in Iraq do not have the financial resources necessary to satisfy the demand for their services and to continue to provide them for the duration of the undertaking.The Indian businesses have undergone a distinct advantage when they participate in contract management in Iraq. The IBEX (Indian Business Exporters) has been working best writings actively with several Indian companies in Iraq for several decades now.