SC0008 –PURCHASING AND CONTRACTING FOR PROJECTS

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ASSIGNMENT

DRIVE SUMMER 2014
PROGRAM MBADS (SEM 4/SEM 6)

MBAFLEX/ MBA (SEM 4)

PGDSCMN (SEM 2)
SUBJECT CODE & NAME SC0008 –PURCHASING AND CONTRACTING FOR PROJECTS
BK ID B1663
CREDITS AND MARKS 4 CREDITS AND 60 MARKS

 

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

  1. 1. Write short notes on:
  • 3 R’s in contract management
  • Contracting strategies
  • Target cost contract
  • Fixed price contract

Answer:3 R’s in contract management: The statements below describe some of those interpersonal behaviours necessary to create the conditions for learning.  They describe the “3 Rs of Behaviour”. To get an idea of how well these are established with your classes, use this checklist for each of them.  Rate each statement then add up your total and read the notes that follow.

  • score 5 : this is true always, all of the time, with all students
  • score 4 : this is nearly always the case,
  • Contracting strategies: Contracting strategies are driven by the need to manage risk. They may be driven by the desire to take advantage of opportunities both now and in the future. They may also be driven by resource availability that’s needed to manage the activity. There is no one single best strategy and within a
  • Target cost contract:Target Price Contracts are based on a cost reimbursable mechanism in which the contractor is reimbursed his costs (on an actual cost basis) subject to the application at the end of the project of a
  • Fixed price contract: A fixed-price contract is a contract where the amount of payment does not depend on the amount of resources or time expended, as opposed to a cost-plus contract which is intended to cover the costs plus some amount of profit. Such a scheme is often used in military and government

 

  1. 2. Contract for Transferring the Newspaper Agency. Explain why Mishra could not claim breach of contract against Pranav.
  • Background of the case
  • Explanation terms and conditions of the contract that was entered into.
  • Inference of whether what was stated by Pranav falls under the terms and conditions

Answer: Pranav, a business man, owned a newspaper agency. He wanted to sell the newspaper agency to another party. Hence, in January 2010, he entered into negotiations with Mishra who had just started a newspaper agency business. Pranav informed Mishra that the newspaper agency has been making a profit of about Rs 10 lakh per annum over the last five years. Pranav also offered to let Mishra inspect the annual accounts of the newspaper agency, but

 

 

  1. 3. Assume that you are looking out for a contracting company for the construction of a hospital. You decide to draft a PQQ to all the proposed tenderers. Which questions you would include in the PQQ?

Writing the question

Justifying the need to include the question in the PQQ

Answer:A PQQ should be sent to all those who have expressed an interest in supplying a contracting authority with a particular requirement following an OJEU notice. The PQQ is used to select a shortlist of bidders out of those who expressed an interest. Those bidders who are successful at the pre-qualification stage will then be invited to tender (in the restricted procedure) or invited to negotiate (negotiated procedure), or to participate in

 

 

  1. 4. Explain payment security
  • Description of payment security
  • Discussion on various payment security risks
  • Indication of least and most risk from contractor’s point of view

Answer: Payment Security: The client or the buyer requires security for any advance or progresspayments, in case the contractor does not perform as per the contract.Therefore, to secure the client against such risks there needs to be somesecurity stating that the payment would be made.A formal information security policy must be defined, maintained, and followed at all times and by all participating entities. Enforcement measures such as audits and penalties for non-compliance may be necessary.

Benefits:

 

  1. 5. What contract and payment terms should be negotiated? What should be the base criteria for formulating the incentive scheme?
  • Analysis with respect to incentive mechanisms
  • Interpretation with respect to negatives of cost incentives

Answer: Incentives are external measures that are designed and established in order to influence motivation and behaviour of individuals, groups or organisations. There are many incentive systems or mechanisms and they are a combination of several coherent incentives. An incentive strategy should be developed by the client as part of the payment strategy. However, the client should not reveal the incentive strategy until the supplier or the

 

  1. 6. Can delivery affect the project? Explain.
  • Statement of the student’s viewpoint
  • Justification for it with supporting evidence
  • Conclusion

Answer:The transport department of an organisation is responsible for delivering the goods. Usually, the delivery of goods is done by the people who have expertise in the area of transportation. Sometimes even the project manager gets involved in the delivery of goods or services to assist the transportation department during import or export of materials. Usually, the items that are large in size and/or delicate involve greater risk and require greater attention while

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

 

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or

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