Pm0018 contracts management in projects
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The document provides information on assignment submission for MBA students, including details about the spring 2016 semester assignments for the subject 'Contracts Management in Projects'. It outlines several key questions concerning project contracts, including the essential elements, bidding processes, and procurement activities in construction, along with specific guidelines for answers. Students are encouraged to seek help via email or phone for fully solved assignments.
Pm0018 contracts management in projects
- 1. Dear students get fully solved assignments Send your semester & Specialization name to our mail id : help.mbaassignments@gmail.com or call us at : 08263069601 ASSIGNMENT DRIVE SPRING 2016 PROGRAM MBA SEMESTER IV SUBJECT CODE & NAME PM 0018 –CONTRACTS MANAGEMENT IN PROJECTS BK ID B2014 Credit & 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. Question.1. Explain essential elements of project contract. How a project contract is formed? Answer:All agreements are not contracts. Only that agreement which is enforceable at law is a contract. Anagreementwhichisenforceable atlaw cannotbe contract. Thus,the termagreement is wider in scope than contract. All Contracts are agreements but all agreements are not contracts. An agreement,tobe enforceable bylaw,mustposses the essential elementsof a project contract as contained in section 10 of the Indian Contract Act. According to Section 10, "All agreements are contract if they are made by the free consent of Question.2. What is bidding? Describe the bidding process from the buyer’s perspective. Answer:Real-time Bidder(RTB) isa servertoserverintegrationoption for network buyers using the Ad Exchange to evaluate and bid on each available impression. The Real-time Bidder (RTB) component of an adexchange lets buyers use their own data, such as interest-based targeting or re-targeting, to help
- 2. Question.3. Explain the structure of a contract. Answer:There are no hard and fast rules about forming a commercial agreement. It may be oral or written,ora combination of the 2. However, it's always best to put down what you've both agreed in writing. It's important for the contractual terms to be clear and understandable, and to accurately reflect what you've both agreed. If there's a dispute between Question.4. Explain Co-operative Benchmarking Process (COBAP) Answer:Co-operative benchmarking and collaborative benchmarking:These are the most widely used types of benchmarking because they are relatively easy to practice. Withco-operative benchmarking,yourcompanymayinvite best–in-classorganisationstomeet with your benchmarking team to share Question.5. Explain process of procurement. Using the Internet search, list the procurementactivities in the construction industry. Answer:A formal procurementprocessissometime seenascumbersome orbureaucraticbutfor any procurementexercise itisimportanttofollow afew keysteps.If you are not a procurement expert, youwill make mistakes.Nodoubtyouwill learnfromthem but why learn from your mistakes when you can learn from someone else’s. A procurement process template provides a model and a framework to work within to: Question.6. What are the different contract forms of PPP (Public Private Partnership). Answer:Amongdifferentpossible classifications,PPPs can be categorized into two types: a PPP of a purelycontractual nature anda PPPof an institutionalnature. This categorization is adopted by the European Union and by many other countries. In a PPPof a purelycontractual nature,the partnershipbetweenthe 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 Dear students get fully solved assignments Send your semester & Specialization name to our mail id : help.mbaassignments@gmail.com
- 3. or call us at : 08263069601