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Question 1:
Why do we need a Law of Contract?
a Explanation
Reasons to have a law of contract
b Explain the close procurement project process
- Explanation (causes,activities , when procurements are closed, Early termination of a contract, conclusion)
Question 2:
Describe the typical reimbursable cost elements and the non-reimbursable cost elements in cost-reimbursable contracts.
Describe the outputs of Conduct Procurement process and Administer procurement process
Conduct procurements outputs
• Selected sellers• Procurement contract award• Resource calendars• Change requests• Project management plan updates• Project document updates
Administer procurements outputs
• Procurement documents• Organisational process assets updates• Change requests• Project management plan updates
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