PM0018-Contracts Management in Projects

Spring-2015

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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

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 sequences of calls used by a partnership, and include a full description of the meaning of each treatment and convention.

Purpose of bidding

1. Specifications

The first step in the bidding process deals with coming up with the specifications for the job. The company or customer looking for bids has to develop specifications for the bidding process. For example, if the customer needs a building

Q3. Explain the structure of a contract.

Answer. List the elements of the contract structure Explain the elements by Cheryl Withrow, Demand Media

As an employer, you want an employment contract that protects you and your business, while ensuring a suitable work environment for your employee. When both interests are equitably served, your company and your employee reap benefits. Providing an employment contract essentially replaces the standard hiring understanding between you and your employee. With a contract, the employer-employee relationship gets spelled out in detail, and contains significantly more elements than a standard employment agreement.

Q4. Explain Co-operative Benchmarking Process (COBAP)

Answer. Reasons Why Retail Is Booming

Primary reasons

The prime reasons that fuelled this boom include favourable demographics, rising consumer incomes, real estate developments, especially the emergence of new shopping malls, availability of better sourcing options - both from within India and overseas -

Q5. Explain any 5 ways that contracts may be terminated or discharged.

 Answer. 5 Ways to Terminate a Contract by Rose Johnson, Demand Media

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 speaker to fulfill his duties, it is called impossibility of performance. The company has the right to terminate the contract in

Q6. What are the different contract forms of PPP (Public Private Partnership).

Answer. 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.

Mail us at: subjects4u@gmail.com or contact at

08894344452, 08894387490