Spring-2015
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assignments at nominal price of Rs.120 each.
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Master of
Business Administration- MBA Semester 4
PM0018–Contracts
Management in Projects-4 Credits
(Book ID:
B2014)
Assignment (60 Marks)
Note: Answer
all questions must be written within 300 to 400 words each. Each Question
carries 10 marks 6 X 10=60.
Q1. Explain
the importance of project parties in project completion.
Answer. Importance
of the project parties in terms of their functions –
Parties
Involved In the Project Completion Construction Essay
In a construction project there are several parties
involved in the completion of the project. These parties can be from either the
public sector or the private sector. The key parties are the owner/client, the
architect/engineer and the general contractor. Between these parties there are
business agreements in the form of contracts to complete the work in the
project, such as: design, engineering, construction, management and
Q2. What is
bidding? Describe the bidding process from the buyer’s perspective
Answer. A
bidding system in contract bridge is
the set of agreements and understandings assigned to calls and a sequence of
calls used by a partnership, and includes a full description of the meaning of
each treatment and convention.
Steps of the
bidding process from the buyer’s side:-
If you run a small business,
Q3. Explain
the structure of a contract.
Answer. List
the elements of the contract structure Explain the elements
Any employment contract should provide a prospective
employee with a clear understanding of the job requirements, including the name
of the position and the essential duties it entails. The contract should also
spell out the place and hours of employment. Use concise and straightforward
language, leaving no doubt as to your expectations as an employer.
Q4. Explain
Co-operative Benchmarking Process (COBAP).
Answer. Step
1-Determine processes to be benchmarked
This step involves defining as accurately as possible
the process to be benchmarked. It is the cornerstone of the entire benchmarking
process. An incorrect identification at this stage could result in a waste of
precious resources at later stages.
Make sure
the
Q5. Explain
any 5 ways that contracts may be terminated or discharged.
Answer. 5
Ways to Terminate a Contract
Impossibility
of Performance
A contract typically requires one or more parties to
do something, which is called performance. For example, a company may hire and
sign a contract to have a public speaker talk at a company event. Once the
public speaker fulfills his duties agreed upon in the contract, it is called
performance. If for some reason it is impossible for the public
Q6. What are
the different contract forms of PPP (Public Private Partnership).
Answer. Among
different possible classifications, PPPs can be categorized into two types: a
PPP of a purely contractual nature and a PPP of an institutional nature. This categorization is adopted by the European Union
and by many other countries.
In a PPP of a purely contractual nature, the
partnership between the public and the private sector is based solely on
contractual links, whereas in a PPP of an institutional nature there is
cooperation between the public and the private sectors within a distinct
entity. Both arrangements involve delegated management of the traditional
public sector activities to the private sector. In the first type of PPP, the
rights and obligations are regulated by an
Spring-2015
Get solved
assignments at nominal price of Rs.120 each.
09882651000, 08894387490
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