3. Implementing and understanding contract risk and opportunity management
Certain elements of the contract should be considered as a safety net, to be used only when a major problem arises.
But you must always have the contract to hand and its clauses in mind, so as not to be overwhelmed by time, and to put in place mitigating actions to control problems and mitigate the effects of risks should they arise.
3.1 Transfer of ownership
For imported equipment and materials, the transfer of ownership must take place before the border, for the sake of tax clarity. Otherwise, the "sale" would take place in the country of destination, with implications for VAT registration, permanent establishment, etc.
Goods from abroad (outside the country of the project/customer)...
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