Solved Assignments for Rs.150 each
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Fall-2013
Master of Business Administration - MBA Semester 4
PM0018–Contracts Management in Projects-4 credits
(Book ID: B1347)
ASSIGNMENT- Set 1
Marks 60
Note: Answers for 10 marks
questions should be approximately of 400 words. Each question is followed by
evaluation scheme. Each Question carries 10 marks 6 X 10=60.
Q1. Enumerate the
characteristics and legal issues of LSTK EPC Turnkey contracts.
Answer. Lump-sum turnkey
(LSTK) EPC contracting is
now popular world-wide as a project delivery system for large process and power
facilities. Examples are steel mills, LNG facilities, petroleum and
petrochemical facilities, power plants. It is also being adopted for large
infrastructure developments such as airports, water treatment facilities and
telecommunication systems. While the term LSTK implies
Q2. Explain the steps that
you should follow while evaluating the bids document.
Answer. After you close your competitive bidding
process, you can evaluate the bids received and choose the bid that is the most
cost-effective. You may consider as many factors in your evaluation as you
want, but the price of the E-rate eligible products and services must be
included as a factor and must be weighted more heavily than any other single
factor. Remember that your FCC Form 470 and your Request for
Q3. Explain the Plan
Procurement process with its inputs and the tools and techniques used.
Answer. Plan Procurement
This is the process of identifying which project needs
are best met by procuring services from the private sector. It is undertaken
during the scope definition phase and involves consideration of whether or not
to procure, how to procure, what to procure, how much to procure, and when to
procure.
Q4. Write a note on Request
for Quote (RFQ).
Answer. When the government is merely checking into
the possibility of acquiring a product or service, it may issue a Request for Quotation
(RFQ).
An RFQ may also be used when the government does not
intend to award a contract on the basis of the solicitation but wishes to
obtain price, delivery, or other information for planning purposes.
Q5. Explain the guidelines
for conducting a competitive negotiation.
Answer. Competitive negotiation is a method for
negotiating the pricing and terms surrounding a particular transaction. This
method of negotiation is based around the concept that negotiations are a
zero-sum game; meaning that one party must win the negotiation while the other
party loses. The concept of competitive negotiation is in direct contrast to
cooperative negotiation methods, which conclude that there can be multiple
winners in a negotiation, resulting in a win-win scenario for all of the
involved
Q6. Write a note on
International arbitration institutions.
Answer. International
arbitration is a leading
method for resolving disputes arising from international commercial agreements
and other international relationships. As with arbitration generally,
international arbitration is a creation of contract, i.e., the parties'
decision to submit disputes to binding resolution by one or more arbitrators
selected by or on behalf of the parties and applying adjudicatory procedures,
usually by including a provision for the arbitration of future disputes in
their contract. The
Solved Assignments for Rs.150 each
08627023490
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