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DRIVE-SPRING
2014
PROGRAM-MBADS
(SEM 4/SEM 6) MBAFLEX/ MBAN2 (SEM 4) PGDPMN (SEM 2)
SUBJECT
CODE & NAME-PM 0018 –CONTRACTS MANAGEMENT IN PROJECTS
BK
ID-B1347
CREDIT
AND MARKS-4 CREDITS AND 60 MARKS
Q1.
Write short notes on:
·
Basic element of the contract
·
Unit rate contracts
·
Cost fee plus incentive fee
contract
·
Tools and techniques of plan
procurement
(Basic
element of the contract, Unit rate contracts, Cost fee plus incentive fee
contract, Tools and techniques of plan procurement) 10 (2.5 marks each)
Answer.
Basic
element of the contract
The basic elements of a contract
are shown in
Q2.
Explain the basic steps in project procurement process.
(Listing
of steps, Explanation of the basic steps of project procurement process)1, 9
(1.5 marks for each step)
Answer.
Basic
steps in project procurement process
This involves documenting the
procurement plan, planning and solicitation of goods and services, selecting
suppliers, administering the contract and closing the contract.
Q3.
Write short notes on:
·
Force account
·
Purchase order
·
Percentage rate contracts
·
Invitation of bids
(Force
account, Purchase order, Percentage rate contracts, Invitation of bids)10 (2.5
marks each)
Answer.
Force
account
Force account is to make use of
your own personnel and equipment, or to do the work or procure goods without
prior agreement as required for lump sum or unit price. For example, when you
have skilled labour for execution of certain components of the work, you need
not call for bids for completing the work. However, you should justify
Q4.
Explain the various processes in selection of consultants.
(Listing
of the various processes in selection of consultants, Description of the
various processes in selection of consultants) 1, 9 (1.5 marks for each process)
Answer.
Various
processes in selection of consultants
Once you identify the assignment
and decide to procure the professional services for the assignment, you should
take the following steps.
Q5.
Explain the actions that can be used to minimise disputes and claims in
contracts.
(Listing
of the phases in which actions can be taken, Listing of action to take under
each phase)1, 9 (3 marks for each phase)
Answer.
Actions
that can be used to minimise disputes and claims in contracts
We have to take actions in three
phases that are mentioned hereunder:
Phase I: Preparatory phase prior
to invitation of bids
We should take the following
actions to minimise the disputes and claims in goods contracts:
Q6.
What is the need for codes and manuals? Briefly list few codes and manuals for
works and goods.
(Explanation
of the need for codes and manuals, Listing of few codes and manuals for works and
goods)5, 5
Answer.
Need
for codes and manuals
In order to avoid the public
funds from getting depleted by secret contracts made by the public servant, (in
exercise of the provisions contained in Article 299 of the Constitution) there
should be a definite procedure according to
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