GAAP principle

PARTB - CASE STUDY (30 marks): Answer BOTH sections. Q3. RAIL INFRASTRUCTURE DEVELOPMENTS (RID) The Etihad Rail project is a new railway planned to connect six Gulf states, linking the Kingdom of Bahrain, the State of Kuwait, Oman, Qatar, the Kingdom of Saudi Arabia and the United Arab Emirates. The company Rail Infrastructure Developments (RID) is well placed to expand its operations throughout the Middle East with its involvement in this project RID's procurement team operates from its central office in Dubai and is currently involved in the early stages of the project, selecting contractors and suppliers for the construction of new stations and new track. Mohamed Samak, the head of procurement for RID, is mindful of the risks that can impact on the success of the project According to a recent report in Supply Management, variations and claims from contractors can Droo PARTB - CASE STUDY (30 marks): Answer BOTH sections. Q3. RAIL INFRASTRUCTURE DEVELOPMENTS (RID) The Etihad Rail project is a new railway planned to connect six Gulf states, linking the Kingdom of Bahrain, the State of Kuwait, Oman, Qatar, the Kingdom of Saudi Arabia and the United Arab Emirates. The company Rail Infrastructure Developments (RID) is well placed to expand its operations throughout the Middle East with its involvement in this project RID's procurement team operates from its central office in Dubai and is currently involved in the early stages of the project, selecting contractors and suppliers for the construction of new stations and new track. Mohamed Samak, the head of procurement for RID, is mindful of the risks that can impact on the success of the project According to a recent report in Supply Management, variations and claims from contractors can Droo