Financial Elements of TEFCEL Model

Financial elements of TEFCEL constitutes any and all elements related to the financial issues including but not limited to the (1) Financing issues, e.g. financial arrangements; project financing; structured financing, corporate financing; JV venturing, etc. (2) financial issues of the contracts e.g. project books and accounts; financial procedures; accounting and auditing procedures; costs classification and recovery; method of payment; and financial progress

 Further issues and related explanations should be elaborated in the particular course of TEFCEL Model