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We can conclude that contracting does have many benefits which are mentioned below:
? Division of labour.
? Synergy of expertise.
? Sharing of risks.
To avoid the negative aspects of contracting closed attention must be given to the following:
? Selection of efficient contractors.
? Clear evaluation of bids.
? Accurate measurement and control of contract performance.
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Keiretsu This is a Corporate conglomerates whose members are cooperate with each other for strategic purposes within the international business environment; a Japanese term.
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