PM0018 –CONTRACTS MANAGEMENT IN PROJECTS

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 2015
PROGRAM	MBADS (SEM 4/SEM 6)MBAFLEX/ MBA (SEM 4)PGDPMN (SEM 2)
SUBJECT CODE & NAME	PM 0018 –CONTRACTS MANAGEMENT IN PROJECTS
BK ID	B2014
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.

Q. 1. Explain the importance of project parties in project completion.

Discuss the importance of the project parties in terms of their functions

Answer:Political parties are not exactly the darlings of public opinion. Just like politicians, parties usually get a bad rap: parties only want power, they abuse government and look after themselves rather than the public good. Sounds familiar?The public perception of parties in young or established democracies doesn’t differ that much either.

Q. 2. What is bidding? Describe the bidding process from the buyer’s perspective

Answer:Bidding is an offer (often competitive) of setting a price one is willing to pay for something or a demand that something be done.A price offer is called a bid. The term may be used in context of auctions, stock exchange, card games, or real estate. Bidding is used by various economic niche for determining the demand and hence the value of the article or property, in today's world of advance technology, Internet is one of the most favourite platforms for providing bidding facilities, it is the most natural way of determining the price of a

Q. 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, or a 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 is a dispute between you in the future, a court may have to interpret your contract.

Typical elements of the contract

Q. 4. Explain Co-operative Benchmarking Process (COBAP)

Answer:The majority of benchmarking applications actually practiced in the market are made by the initiation of direct competitors or through the companies recognised as industry leaders. In this type of benchmarking, usually, the firms do not intend to share their knowledge. The proposed study is rather interested in building a mutually cooperative approach among partners. Collaborators have to share and exchange their skills and knowledge, which require an infrastructure to facilitate their relationships.Benchmarking is a process that

Q. 5. Explain any 5 ways that contracts may be terminated or discharged.

Answer:A contract is a legal document that binds at least two parties to one another. A contract requires one or both parties meet obligations detailed in the contract before it is completed. In some instances, contract termination can occur that will make the contract void of legal binding. Only the parties involved in the agreement may terminate a contract.

Impossibility of Performance: A contract typically

Q. 6. What are the different contract forms of PPP (Public Private Partnership).

Answer:A public–private partnership (PPP) is a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies. These schemes are sometimes referred to as PPP, P3 or P3. PPP involves a contract between a public sector authority and a private party, in which the private party provides a public service or project and assumes substantial financial, technical and operational risk in the project. In some types of PPP, the cost of using the service is borne exclusively by the users of the service and not by the taxpayer. In other types (notably

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

“ help.mbaassignments@gmail.com ”

or

Call us at : 08263069601