MA6084 Procurement And Contract Management

Free Samples

MA6084 Procurement And Contract Management

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

MA6084 Procurement And Contract Management

1 Download5 Pages / 1,073 Words

Course Code: MA6084
University: Nanyang Technological University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Singapore

Questions:
Question 1a) Explain the various types of Construction Contracts. b) What are the differences among these various types of Construction Contracts?c) Provide an example for each type of Construction Contract.Question 2 a) Explain the process of Construction Contracting. b) What are the key important elements of Construction Contract?c) Explain the various elements of Construction Contract and provide examples to illustrate these elements of Construction Contract..Question 3a) Explain the various remedies of Breach of Contract. b) What are the Limitations of Contract Remedies?Question 4 a) Explain the various steps in Procurement Management of an Organisation from start of Construction requirement to Final Acceptance of a Project. b) What are the various factors to consider in the contractual procurement management? Provide brief description for each factor.Question 5a) Explain the various ways of selection contractor for a project.b) Explain the various contractual relationship in a Construction Contract. Question 6 a) Explain the various information to be included in a contract documents for a construction project (e.g. building project)?b) Explain the various documents normally included in a Contract for building projectQuestion a) Global Polytechnic schedules a painting of the steel structure of an open walkway canopy (between Building A and Building B) as well as the steel structure and ceiling (enclosed) along the escalator from Level 1 to Level 2 (Building B). There is a long stretch of escalator (both direction), escalator height of 8m from Ground Level to Level 2 and the height between the Ground Level to the ceiling is 12m.You have been appointed as a Project Manager of the Management Consultant for Global Polytechnic. Explain the process of contract and procurement for the painting works.
Answers:

Question 1
Types of Construction Contracts
Fixed price contracts
This is a type of contact which includes penalties for the missed deadlines and benefits for early termination. The contract is usually used when the risk needs to be transferred to the builder, and at the same time, the client wants to avoid change orders for the unspecified work (Surahyo, 2017, p. 347).
Cost plus contract.
This type of contract involves the payment of the actual purchases, costs or other expenses that are generated directly from the construction activities.
Time and material contracts
This kind of construction construct is preferred in situations where the scope of the project is not clear. In this contract, the client and the contractor must establish agreed rates, which includes additional expenses which could arise in the process of construction.
Unit pricing contract
In this contracting the unit prices usually help during the order process as the client requests for specific quantities and the pricing of each unit to for the pre-determined amount of the unutilized items.
Differences between the construction contracts.
Cost plus contract is usually used in the situations where the scope of the project is a subject to confirmation while time and material contract is used in the situations where the scope of the project is not clear (Collier, 2015, p. 430).
The fixed price contract explains the benefits and the limitations associated with the completion of the project in regards to the deadline while others do not.
Examples of construction contracts

Contract

example

Time and material

the contractor is paid by the actual cost of direct labor, usually at specified hourly rates

Unit pricing contract

Horizontal construction, such as roads

Fixed price

a web designer can offer a fixed-price contract for the design of a website

Cost plus

the contractor paid for all of its allowed expenses

 
QUESTION 2
The process of construction contracting
The process of contracting involves the following steps
Planning
Initiation
Awarding  
Contract
Implementation
The figure below is an illustration of the contracting process in construction. 
Elements of a construction contract
The following are the elements of a construction contract.

Full names, signatures, and address of both parties
Scope of work
Project costs and terms of payment
Schedule of work
Authority

Scope of work
This element of a contract should be in details, explain the services to be offered which include a description of the materials, grade, quality, schedule of work, and other specifications pertinent to the construction of the project for example including the bill of quantities in the contract.
Project costs and terms of payment
There should be no confusion in the contract as to the cost of services included in the contract, for example, the schedule of payment and the terms and conditions of payment.
Schedule of work
This is an established clear notice to proceed, the construction start date and the completion date of the construction project
Authority
This involves the clear outline of who has the authority to make decisions during the construction of the project — for example, the clear outline of duties of all parties involved in the construction contract.
Question 3
remedies of Breach of Contract
Compensatory damage for the breach of the contract. This is the most common remedy for the breach of contract whereby one party seeks compensation for the financial losses due to the breach of contract.
Punitive damages for breach of contract. The actual damages or compensatory covers the loss the non-breaching party incurred because of the breach.
Restitution in breach of contract cases explained. Restitution is a remedy which is designed to restore the injured party to its original state before the contract was developed (O’Reilly, 2017).
Specific performance of the contract. This is a remedy for the breach of a contract in which the court forces the breaching party to perform the services or deliver the goods as per the agreement.
Rescission in breach of contract cases
Rescission is usually a remedy which is used to end the contract when the parties which entered the contract by way of fraud or mistake.
 Limitations of Contract Remedies
Delay, i.e., if any party in the contract is a victim of fraud, he or she must act promptly  order to rescind at the common law, or she will lose the rights, and the remedies will be limited.
The certainty of the damages, I.e., the person will be able only to recover the number of damages which the law can be able to prove with substantial certainty.
Foreseeability, i.e., if the damages which come from the breach of the contract lack foreseeability, they will not be recovered (Clough, 2017, p. 502).
Loss of power of avoidance.
Question 4
various steps in Procurement Management of an Organization
The steps involved in procurement management are as follows;

Need for recognition whereby each organization need for the product they require
Specific needs
Source option
Price and terms
Purchase order
Delivery
Expediting
Receipt and the inspection of the purchases
Payment and invoice approval
Record maintenance

factors to consider in the contractual procurement management
proper strategic drafting of the right contract
Correct evaluation of the contract
Monitoring of the contractor’s performance
Adaptability
Taking preventive and initiative actions
The qualification, knowledge and the experience of the contract management team
Question 5
ways of selection contractor for a project
References and referral
Integrity
 and a good working relationship
Considering experience
Budget and schedule compliance
Sustainability and energy efficiency
the contractual relationship in a Construction Contract
Risks
Responsibilities
Supplies
Acceptance
Warranty
Payment
Question 6
information to be included in a contract documents for a construction project
Title and purpose of the project
Description of the project to be carried out
Payment schedule
Cot estimate
Insurance information
Client and contractor credentials
Materials
Warranty
Exclusions
Documents to be included in contract documents for a construction project
Article of agreement
Both architectural and engineering drawings
Specifications
A schedule of tender adjustments
Schedule of work
Working drawings.
Question 7
the process of contract and procurement for the painting works
The process is carried out as follows.
Qualifying contractors
Preparing specifications
Evaluating Bids
Awarding the contract.
References
Clough, R. H., 2017. Construction Contracting: A Practical Guide to Company Management. 3rd ed. Chicago: John Wiley & Sons.
Collier, K., 2015. Construction Contracts. 4th ed. London: Merrill/Prentice Hall.
O’Reilly, M., 2017. Civil Engineering Construction Contracts. 2nd ed. London: Thomas Telford.
Surah, A., 2017. Understanding Construction Contracts: Canadian and International Conventions. 1st ed. London: Springer, 

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.

E-mail

Yes, alert me for offers and important updates

Submit 

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 5 pages

PAY 3 USD TO DOWNLOAD

*The content must not be available online or in our existing Database to qualify as
unique.

Cite This Work
To export a reference to this article please select a referencing stye below:

APA
MLA
Harvard
OSCOLA
Vancouver

My Assignment Help. (2021). Procurement And Contract Management. Retrieved from https://myassignmenthelp.com/free-samples/ma6084-procurement-and-contract-management/construction-contracts.html.

“Procurement And Contract Management.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/ma6084-procurement-and-contract-management/construction-contracts.html.

My Assignment Help (2021) Procurement And Contract Management [Online]. Available from: https://myassignmenthelp.com/free-samples/ma6084-procurement-and-contract-management/construction-contracts.html[Accessed 18 December 2021].

My Assignment Help. ‘Procurement And Contract Management’ (My Assignment Help, 2021) accessed 18 December 2021.

My Assignment Help. Procurement And Contract Management [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/ma6084-procurement-and-contract-management/construction-contracts.html.

×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest
The respective sample has been mail to your register email id

×

CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.

Account created successfully!
We have sent login details on your registered email.

User:

Password:

If you are terrified of math assignments or facing severe time constraints, do not hit the panic button. Experts at MyAssignmenthelp.com are at your disposal to provide you with efficient math homework help. If you find calculus, algebra, geometry, number system to be intricate, then you should seek the assistance of our math solvers. Moreover, we provide affordable assignment to help you with your query ‘Who will do my math homework at an affordable price?’ The math question solvers also provide rechecking to make sure that the answers are authentic.

Latest Management Samples

div#loaddata .card img {max-width: 100%;
}

MPM755 Building Success In Commerce
Download :
0 | Pages :
9

Course Code: MPM755
University: Deakin University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Introduction
The process of developing a successful business entity requires a multidimensional analysis of several factors that relate to the internal and external environment in commerce. The areas covered in this current unit are essential in transforming the business perspective regarding the key commerce factors such as ethics, technology, culture, entrepreneurship, leadership, culture, and globalization (Nzelibe, 1996; Barza, 2…
Read
More

SNM660 Evidence Based Practice
Download :
0 | Pages :
8

Course Code: SNM660
University: The University Of Sheffield

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answers:
Critical reflection on the objective, design, methodology and outcome of the research undertaken Assessment-I
Smoking and tobacco addiction is one of the few among the most basic general restorative issues, particularly to developed nations such as the UK. It has been represented that among all risk segments smoking is the fourth driving purpose behind infections and other several ailments like asthma, breathing and problems in the l…
Read
More
Tags:
Australia Maidstone Management Business management with marketing University of New South Wales Masters in Business Administration 

BSBHRM513 Manage Workforce Planning
Download :
0 | Pages :
20

Course Code: BSBHRM513
University: Tafe NSW

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Task 1
1.0 Data on staff turnover and demographics
That includes the staffing information of JKL industries for the fiscal year of 2014-15, it can be said that the company is having problems related to employee turnover. For the role of Senior Manager in Sydney, the organization needs 4 managers; however, one manager is exiting. It will make one empty position which might hurt the decision making process. On the other hand, In Brisba…
Read
More

MKT2031 Issues In Small Business And Entrepreneurship
Download :
0 | Pages :
5

Course Code: MKT2031
University: University Of Northampton

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answer:
Entrepreneurial ventures
Entrepreneurship is the capacity and willingness to develop, manage, and put in order operations of any business venture with an intention to make profits despite the risks that may be involved in such venture. Small and large businesses have a vital role to play in the overall performance of the economy. It is, therefore, necessary to consider the difference between entrepreneurial ventures, individual, and c…
Read
More
Tags:
Turkey Istanbul Management University of Employee Masters in Business Administration 

MN506 System Management
Download :
0 | Pages :
7

Course Code: MN506
University: Melbourne Institute Of Technology

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Introduction
An operating system (OS) is defined as a system software that is installed in the systems for the management of the hardware along with the other software resources. Every computer system and mobile device requires an operating system for functioning and execution of operations. There is a great use of mobile devices such as tablets and Smartphones that has increased. One of the widely used and implemented operating syste…
Read
More
Tags:
Australia Cheltenham Computer Science Litigation and Dispute Management University of New South Wales Information Technology 

Next