Reference no: EM13785266

Conduct an internet search for one of the following examples of poor procurement.

a. The Chicago Parking Meter Fiasco
b. Darleen Druyun and Boeing
c. Channel Tunnel, Eurotunnel, Chunnel

What was the situation, and what would you have done as the procurement manager to avoid it? What precautions can you take (relating back to the RFP you have chosen) in order to prevent problems with your procurement project?

What do you believe is the best way to handle this situation if you are Nikhil? If you are Ting?
This contract has been signed by both parties and is in the administer phase of the procurement process. How would you continue managing this relationship if you were Nikhil?

How do you share this situation with your Project Manager, Evelyn? How do you think that the Project Manager and Nicholas could have worked better as a team? Do you think teamwork was exhibited in this situation?

What are your next steps if you were in Nikhil's position?

1. Put together a list of labor, materials, supplies and contingency funding that is required for your selected RFP. Create a basic budget for your project. Since the project is fictitious and the RFP may not contain all details, some of this information will have to be created. This can be a table inserted into the MS Word document or an excel spreadsheet copied and pasted.

2. What contract and procurement methods (i.e. competitive, non-competitive) do you feel are appropriate to solicit goods and services for your project? Justify your selection. You can use more than one method depending on the needs of your project.

3. What criteria will you use in vendor selection? List at least three criteria you will use to make your final selections once you decided on the contract procurement method(s) you will use.

4. Explain how budget planning is related risk management for the RFP you have selected.