Texas Star Oil won the bid to build an oil facility for a host country government. However, the execution of the contract has been delayed due to bureaucratic procedures in the less-developed nation. In order to legally overcome this problem, Texas Star Oil could resort to the payment of

Respuesta :

The Texas Star Oil could resort to the payment of speed money.

Speed money

In simple terms, as the name implies, it refers to the money paid to speed up some tasks or operations that are been delayed intentionally by someone or some people even though they ought to have carried out the task as a duty without additional payment.

Recall, we are told that due to bureaucratic procedures, the execution of the contract was delayed. Hence, this is the most viable option for Texas Star oil.

You can learn more about bureaucracy here https://brainly.com/question/17925626

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