1. One of the inputs to contract closeout is completion of work. What does it me
ID: 444879 • Letter: 1
Question
1. One of the inputs to contract closeout is completion of work. What does it mean?
2. You are preparing for contract negotiations. To achieve your desired contract negotiation results, you need not only a strategy but also tactics and countertactics. Give an example of two tactics, and state why they help you achieve the desired result
3.What is the purpose of creating a procurement SOW for an RFP?
4. Describe the typical work relationship between a project manager and a contract manager.
5. From the viewpoint of the buyer, why are award fees and incentive fees important in contracts?
6. A seller's financial capacity is often one of the buyer's selection criteria. Why is this an important consideration for a buyer?
7. Why are the project schedule and the project budget inputs of plan procurement?
Explanation / Answer
1.Contract documentation involved but is not finite to the arrangement itself along with full aiding agenda,requested and accepted arrangement changes any seller developed technical documentation,seller act results,financial arrangements such as account and payment details and the outcome of any arrangement related analysis.
2.Negotiators aggression the problemnot each other.It gives full focus on long term amusement.Tactics composition to increase or accentuate its relative powers.Its only focus on negotiating area comparatively than long term achievement.
3.The procurement statement of work is an crop of plan.The purpose of the procurement SOW is then integrated into procurement details used to canvass from sellers.
4.They have contrasting roles and it depends on the company and the corporation.The project manager is responsible for the consignment of that clear-cut,usually apply on time,price,goals etc.While a contract manager will be occupy all the time,writing letters,making calls etc.
5.Award fee contracts are a type of encouragement contract to stimulate the contractor to achieve price ability.These can be a drafted contract or special incentives.These are relevant when elements of action cannot be sqarely or perceptible measured areas of administration interest or concern which the authority wants to stimulate.These are
a.fixed price incentive contracts
b.fixed price contracts with award fees
c.cost plus incentive fee contracts
d.cost plus award fee contracts
6.The buyer-seller relationship can continue at many levels on any single project and betwixt organizations domestic and outside to the amass organization.It assume that the client of components for the project is accredit to the project team and the agent are organizationally outside to the project team.
7.Plan procurements complete which factor of services of a project will need to be execute or made domestically at which of those attitude commitment to be solicit for an external sources.Once this has been determined the project boss will complete the applicable types of contracts that will be need to be used on the project.
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