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You are the project manager for a new multi-million dollar building renovation for your organization. The company needs to maximize the space that they have and the best approach is to do a staggered build out in order to better maximize the space in the existing building. You feel that the best approach was to negotiate with multiple contractors on a fixed price contract. Different contractors discussed other contracts with you, particularly ones to address the current market fluxuations in the raw materials market. You ignore those other companies and settle on an agreement with a local company, who is willing to accept your terms for a fixed price contract. You find out that a few weeks into a four month project that raw materials have increased by 250%. The contractor meets with you to discuss a price increase for the project. You have already committed a fixed price to the company and there is no contingency in the budget. The contractor advises that he will go bankrupt if he is forced to finish the project at this price and so the contractor sends you notification that they are stopping work on the project. Word of the work stoppage flies through your company and your boss calls you to his office for an update. You explain what has happened but he feels that you are responsible for allowing this to get to this point. You are told by your boss to work something out with the contractor and to go into the negotiation with a good plan on how to mitigate the costs. Upon reflection of this situation, consider the below questions and how might this situation been different with a different contract approach.
Discuss in scholarly detail the defining principles and the implementing principles of the corporate social justice approach.
From your accounting statements, how would you determine whether your firm is making positive economic profits or not?
On their farm, the Friendly family grows apples that they harvest each fall and make into three products-apple butter, applesauce, and apple jelly. Propose a linear programming model for this problem. Solve the model by using the computer either ex..
so the RFP is very sketchy providing little detail. In today's depressed economy, your small consulting company is "scratching" for survival. You have been charged to prepare an initial response that will attract the interest of the company that p..
The line contributes about $500 per hour to the firm's profit and overhead. What is the probability that the new machine project will meet the firm's NPV hurdle?
We measure productivity for labor. What do we use for materials? What percent of our costs are materials? How do we manage materials?
What are your beliefs about compromise as a conflict resolution technique?
Illustrate what part of Emergency Operations Plan contains detailed supplemental information for responding to a hazard.
There are three planning horizons, strategic, tactical, and operational. We will focus on strategic planning since the primary responsibility belongs to you
Cicleta manufacturing has four activities: receiving materials, assembly, expediting products, and storing goods. receiving and assembly are necessary activities; expediting and storing goods are unnecessary.
Evaluate Panera Bread's strategy and its effectiveness with executing the strategy within the competitive fast-casual restaurant marketplace.
When you consider coach, interpreter, director, and navigator as change managers, you should assume that they have an active role in the initiation, support, and outcomes of organizational change. What does that mean and why is it significant?
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