Importance of a price adjustment clause, Other Management

Assignment Help:

QUESTION 1

(a) List five required elements of a valid contract.

(b) Give one circumstance when a contract can be modified.

(d) Describe two remedies available to a public body in case a supplier breaches an important provision of a contract.

(e) Distinguish between an express and implied term.

(f) Describe the reasons for seeking a performance security from a Supplier.

(g) Describe the role and function of a Project Manager.

(h) Describe two circumstances when a fixed price contract is appropriate.

(i) Illustrate the term ‘warranty' in relation to a procurement contract.

(j) Describe the role of a ‘Subcontractor' in the execution of a Works Contract.

QUESTION 2

Explain the importance of a price adjustment clause in a procurement contract.

QUESTION 3

The main obligation of the Public Body is to pay the Contractor promptly after the due date. Explain the consequences of late payment to the public body.

QUESTION 4

Explain four circumstances when a public body can terminate a contract.

QUESTION 5

Write short notes on the subsequent:

(a) Liquidated Damages

(b) Retention Money

(d) Force Majeure

Related Discussions:- Importance of a price adjustment clause

Need for filing of catalogue entries, Need for Filing of Catalogue Entries ...

Need for Filing of Catalogue Entries The word catalogue has been derived from a Greek phrase Katy Logos. "Kate means "by" or "according to" and "Logos" has different meanings

Describe talent management system, Problem 1: What is the importance of...

Problem 1: What is the importance of talent management? Describe Talent management Importance of Talent management Problem 2: Describe the five stage approa

Identification based trust and calculus based trust, Question 1 Differe...

Question 1 Differentiate between identification based trust and calculus based trust. Question 2 M. Thomas, the Managing Director of a company has recently attended a w

Managerial Economics, Explain the discounting principle. using the discount...

Explain the discounting principle. using the discounting principal calculate the present value of an annuity of five years at rs.500 payments made at the end of each of the next fi

Contract close-out, C ontract close-out: Contract close-out be...

C ontract close-out: Contract close-out begins with checking for physical completion, i.e., whether all services have been performed and products delivered. Closeout

Organizational Behaviour, Case let 1 M/s. ABC Ltd is a medium-sized enginee...

Case let 1 M/s. ABC Ltd is a medium-sized engineering company producing a large-range of product lines according to customer requirements. It has earned a good reputation as a quic

L c descriptive rules - british museum cataloguing rules, L C Descriptive R...

L C Descriptive Rules: Library of Congress. Rules for Descriptive cataloging at the Library of Congress Adopted by the American Library Association. - Washington, D.C.: Libra

Case let, If you were one of the other foremen, what could you do to make R...

If you were one of the other foremen, what could you do to make Rajinder’s transition easier?

Aacr 2- l c descriptive rules, AACR 2: Anglo-American cataloging rules...

AACR 2: Anglo-American cataloging rules/ Prepared by the American Library Association, the British Library, the Canadian Committee on Cataloguing, the Library Association, the

Define quality management system, Question 1 Define Quality Management Sys...

Question 1 Define Quality Management System. Describe the scope of Quality management system Question 2 Explain Design review and Design verification Question 3 Explain

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages