Dear students get fully solved assignments
Send your semester & Specialization name to our mail id
help.mbaassignments@gmail.com
or
call us at : 08263069601
INDIAN SCHOOL OF BUSINESS MANAGEMENT AND
ADMINISTRATION
AN ISO 9001:2015 CERTIFIED INTERNATIONAL B-SCHOOL
Name: Marks: 80
Course: Masters in Business Administration (MBA 4 Sem)
Subject: Construction Management
Answer the following question.
Q1. Describe the business opportunity in construction industry?
The construction industry offers a wide range of business opportunities for investors and entrepreneurs, and the demand for construction services is likely to remain high in the coming years.
The construction industry offers several business opportunities for entrepreneurs and companies. Some of these opportunities include:
a) Construction Company failure: Despite being a challenging industry, there are several reasons why construction companies fail, such as poor financial management, lack of proper project planning, and inadequate risk management. An entrepreneur can take advantage of this situation by starting a construction company that
Q2. Explain the all constitute of tender documents? Instruction to Tenderer.(10 marks)
Answer : Tender documents are a set of documents that provide detailed information on the scope of work, terms and conditions, specifications, and pricing for a project. It is an invitation to contractors to submit their proposals to undertake the work. The instruction to tenderer is one of the important components of tender documents. It provides the guidelines to the contractors on how to submit their bids.
The instruction to tenderer includes the
Q3. What Are the Different Types of Contracts? (10 marks)
Answer : Contracts are legally binding agreements between two or more parties that define the terms and conditions of the exchange of goods, services, or property. Different types of contracts are used based on the nature of the transaction and the requirements of the parties involved. The following are some common types of contracts:
1. Express Contract: An express contract is a written or oral agreement that explicitly states the terms and conditions of the agreement. The terms of the contract are agreed upon by both parties, and the contract is legally binding.
2. Implied Contract: An implied
Q4. Explain the flowing in Brief? Completion of Erection or Installation and Preliminary Acceptance (10 marks)
Answer : Completion of Erection or Installation and Preliminary Acceptance refers to the stage in a construction project where all the physical components of the project have been completed, and the project is ready for use. It is an essential milestone in the construction process, as it marks the transition from the construction
Q5. Explain the flowing in Brief? Turnkey Contract. (10marks)
Answer : A turnkey contract is a type of contract where the contractor is responsible for the design, construction, and commissioning of a project or facility. In this type of contract, the client provides the basic idea or requirements for the project, and the contractor takes care of the rest. The contractor is responsible for everything from the initial design to the final handover of the completed project to the client.
The key feature of a turnkey contract is that the contractor takes on all the risks associated with the project. They are responsible for
Q7. Write short notes in the following on Guarantee Tests (10 marks)
Answer : Guarantee Tests:
Guarantee tests are the tests that are conducted on plant and equipment to ensure that they meet the guaranteed performance criteria that have been established in the contract. These tests are also known as performance tests, acceptance tests or proof tests. These tests are carried out under the supervision of the owner’s representative and the contractor. The purpose of these tests is to establish whether the equipment meets the performance standards specified in the contract.
There are different types of guarantee tests that can be performed, depending on the nature of the equipment and the contractual requirements. The most common types of guarantee tests are:
1. Factory Acceptance Test (FAT):
Q8. Write a short note on the following (10 marks) Answer : No Topics were provided in PDF.
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id
help.mbaassignments@gmail.com
or
call us at : 08263069601