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DRIVE
WINTER 2014
PROGRAM/SEMESTER
MBADS (SEM 4/SEM 6)
MBAFLEX/
MBAN2 (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
Q1.
Briefly explain contractor managed risk contracts. (Explanation of the 4
contractor managed risk contracts) 10 (2.5 marks each)
Answer:
Contractor Managed Risk Contracts: We will now discuss the
contract types that fall under contractor managed risk category. Contractor
managed risk contracts are supposed to be quite expensive due to higher
allowances for risk and escalation. This also includes higher profit margins
to compensate the contractor for the risks that they take. As in this type
of contract, the project is competitively tendered; the contractor would be
seeking ways to recover the costs mainly if the client
Q2.
Describe any four methods of discharging a contract. (Description of any four
methods of discharging a contract) 10
Answer:
Discharge of a Contract: Ending a contractual relationship between the parties
is referred to as discharge of a contract. A contract gets terminated
when the specified rights and obligations come to an end. Discharge
of a contract takes place in different methods. The following are the
methods in which a contract can be discharged:
Agreement:
If the parties involved in a contract agree to terminate the contract
there is no way to stop
Q.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) 5,5
ANS:
Writing the question:
Question - Please
confirm that your company will submit a tender in accordance with the proposed
contracting strategy and in accordance with the attached terms.
Question - Describe
your capabilities, experience and resources with ABC technology.
Q4.
Discuss the issues in contractual appraisal. (Listing and explanation of the
issues in contractual appraisal) 10
Answer:
Contractual appraisal: Let us now discuss more about these issues.
Documents signed - In a
hurry to submit a tender this aspect sometimes gets overlooked. If the tender
has to be a valid offer, then an authorized signatory or office of the company
has to sign the tender.
Validity –
Q.5.
Attractive Incentive Scheme
OP is a
major oil company that had a massive blow-out in one of its oil wells. Oil was
flowing out and polluting a major river in an environmentally sensitive area.
Only a few companies in the area had equipment suitable to plug the well. OP’s
director had a brief discussion with one of the companies that specialised in
plugging the leak. This leak had posed a major environmental risk. Hence, the
issues that needed to be considered here were urgency, duration of the work and
availability of suitable contractors. If the leak was not plugged at the
earliest it would seriously affect the public’s perception of the company. As
the situation had to be rectified at the earliest the company had to choose
contractors in the nearby location. Most contractors viewed the situation as an
opportunity to make money. The oil company’s director had noticed this in his
discussion with the first company. However, in this situation the oil company
had to seek a solution that satisfied the contractor’s objective to make money
and the company’s aim of getting the work done quickly. The offer for the
contract was such that the contractor would be paid at the standard rates for
normal work, together with an incentive scheme. Conversely, the two tasks,
plugging the well and cleaning up, had to be treated independently. The offer
also stated that if the oil leak was stopped within an hour a very high bonus
would be paid, and the longer it takes the bonus would be reduced on an hourly
basis. If the time taken was unacceptable, the bonus would be reduced to zero
and only the standard rate as agreed for the work would be paid. The bonus
offered was sufficiently high in order to make the task seem worthwhile. The
clean-up work was also based on a similar incentive formula but with a daily,
rather than an hourly, time schedule. By providing a high incentive the company
was able to get the well plugged in one day and the clean-up in 23 days.
Source: Ward, G. (2008). The Project Manager's Guide to Purchasing: Contracting
for Goods and Services. Great Britain: Gower Publishing Limited.)
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) 5,5
ANS:
Incentive
Mechanisms: 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
Q6.
“Irregularities in Supply Chain causing
massive losses
June
14, 2012
Adidas,
Walmart and now Britannia! All have witnessed irregularities in their companies
and they all owe it to their employees. While Third party players are also to
be blamed, it is the employees that gave them the opportunity to carry our
fraudulent activities.
As
per the Global Retail Theft Barometer 2011, India accounts for the highest
retail shrinkage which stands at 2.38 per cent of sales. Dishonest employees
account for 53 per cent of the total shrinkage in the Asia- Pacific belt.
However, when we speak of such retail shrinkage it deals with them stealing off
retail shelves. But, here the stealing moves beyond the store floors and are
recorded mostly in the supply chain process.
At
Britannia, certain irregularities have been established wherein employees
engaged with some suppliers to play with orders. It was swift in looking into
the matter and scrutiny is already underway. According to sources, some of the
employees have been asked not to return to work unless the investigation is
done with. Speculation says 28 of them have already been fired.
Walmart
in Mexico, was accused of bribing government officials in most of the provinces
it was operating it. To avoid the same at other locations across the globe, the
company has initiated a drive to check on the vendors and suppliers for any
irregularities. KPMG has also been brought on board to point out any unethical
activities by its vendor’s, post which, it will shatter all ties with those who
will be guilty. KPMG will put all vendors in three categories, red indicating
the black listed ones, green for those who will come all clean and amber for
those who may be suspicious and Walmart would take a call on whether to
continue or snap ties with them. Also a programme about anti-corruption
practices is being run within the company.
Adidas
as we all know was led in to the Rs 870 crore scam by Subhinder Singh Prem and
Vishnu Bhagat. Here also irregularities were witnessed in the supply chain
course. Shoes and other sporting goods were diverted from the Adidas supply
chain progression and kept in four secret warehouses The point of discussion
is: Who is to be blamed? Is it the employees or the Three Party Players? Well,
it’s both, but in different degrees. Employees were the ones who initiated the
fraudulent activity, while the 3PL players were the ones who led it to its
final fate. The ticker though points more towards the employees because they
are the ones who let out the confidential information about the brand. They are
abusing their authority to full-fledged use of suppliers and vendors.
Another
thing which strikes out in all these three scams is that they have been carried
out in the supply chain process. Is it so easy to break the supply chain
process? Should the entire supply chain be blamed or are just some elements
corrupt? Outsourcing the supply chain or having an in-house one is not the
question, making it fool proof is what needs to be done. Also with the economic
slump, the profit margins are already shrinking for retailers and they need to
police their processes really well to sustain in the retail marketplace.
The
need of the hour is initiatives to increase a sense of belonging in employees
and is what brands should work towards before it’s too late! This is a wake- up
call for all retailers and manufacturers so as to not be in a regretful
situation later.”
Identify the issues in bribery and
corruption? What are the measures that the government and companies should take
to avoid corruption? (List the bribery
and corruption issues for each company from the article , Summarization of the
issues in general , Mention the measures that can be used to avoid corruption)
10
Answer: Bribery
and Corruption: Corruption can be defined as an illegal act on the
part of an authority or powerful political party through means that are
illicit, immoral, or incompatible with ethical standards. We often find
that corruption is a result of patronage. Corruption is closely
associated with bribery. Bribery is defined by Black’s law dictionary as
the offering, giving,
Get fully solved assignment. Buy online from website
online store
or
plz drop a mail with your sub code
we will revert you within 2-3 hour or immediate
Charges rs 125/subject and rs 700/semester only.
if urgent
then call us on 08791490301, 08273413412
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