to designate those who carry out the activities required to implement the project.
They may be broadly classified under the general and the specialist contractor.
General contractors are those contractors having a wide and varied knowledge
and adequate experience, who are able to accept responsibility for the completion of
the whole project.
Specialist contractors are those contractors who restrict their activities to particular types of work. The specialist contractor may accomplish his services as a
sub-contractor to the general contractor, who will then be acting as co-ordinator.
Otherwise, the specialist contractor may provide his services through a contract
directly between the Promoter and himself.
Thus, a tour operator organises trips abroad for you and is the general contractor.
The specialist contractors here would be the aircraft company and the hotels where
you will be staying.
22.2.3.4 The Funding Agency
Every project requires funds. While the Promoter (or Client) may already have funds
available for the project in his bank account, it is quite usual for the Promoter to
approach a Funding agency to borrow money for the project. When small sums are
involved, local banks (or some other form of financial institution) may be interested.
However, when the project funds required are bulky, a Funding Agency (such as the
World Bank, Kuwait Fund, African Development Bank, etc.,) will be approached by
the country official (Ministry of Finance). The role of the local bank or the Funding
Agency is to loan money, but they also have an interest in getting the loan back. The
steps that they take to ensure this are best described in the following section.
22.3 Project Inspiration and Implementation
22.3.1 Project Inspiration
There is no reason why a country would wish to stay in its actual state without trying
to make things better. Thus, leaders, who have a certain vision of their country in the
future, imagine and conceive projects, which, according to them, should bring in
benefits to their countrymen. Once the project has been conceived with such
inspiration, it still has to be implemented.
22.3.2 Appraisal by Client
After the initial appraisal, the Client will ask a Consultant to carry out further
investigations. The Promoter having engaged the services of a Consultant to work
22.3 Project Inspiration and Implementation
627
They may be broadly classified under the general and the specialist contractor.
General contractors are those contractors having a wide and varied knowledge
and adequate experience, who are able to accept responsibility for the completion of
the whole project.
Specialist contractors are those contractors who restrict their activities to particular types of work. The specialist contractor may accomplish his services as a
sub-contractor to the general contractor, who will then be acting as co-ordinator.
Otherwise, the specialist contractor may provide his services through a contract
directly between the Promoter and himself.
Thus, a tour operator organises trips abroad for you and is the general contractor.
The specialist contractors here would be the aircraft company and the hotels where
you will be staying.
22.2.3.4 The Funding Agency
Every project requires funds. While the Promoter (or Client) may already have funds
available for the project in his bank account, it is quite usual for the Promoter to
approach a Funding agency to borrow money for the project. When small sums are
involved, local banks (or some other form of financial institution) may be interested.
However, when the project funds required are bulky, a Funding Agency (such as the
World Bank, Kuwait Fund, African Development Bank, etc.,) will be approached by
the country official (Ministry of Finance). The role of the local bank or the Funding
Agency is to loan money, but they also have an interest in getting the loan back. The
steps that they take to ensure this are best described in the following section.
22.3 Project Inspiration and Implementation
22.3.1 Project Inspiration
There is no reason why a country would wish to stay in its actual state without trying
to make things better. Thus, leaders, who have a certain vision of their country in the
future, imagine and conceive projects, which, according to them, should bring in
benefits to their countrymen. Once the project has been conceived with such
inspiration, it still has to be implemented.
22.3.2 Appraisal by Client
After the initial appraisal, the Client will ask a Consultant to carry out further
investigations. The Promoter having engaged the services of a Consultant to work
22.3 Project Inspiration and Implementation
627