Question 1 a illustrate in brief the different stages of

Assignment Help Management Theories

Reference no: EM13348891

QUESTION 1

(a) Illustrate in brief the different stages of the procurement cycle.

(b) Clarify in brief 4 objectives of a Public Procurement system.

"A public body shall engage in procurement planning in order to ensure that procurement is carried out within economic estimates allocated to it"

What are factors that a public body should take into account in planning procurement exercise for a main contract?

QUESTION 3

(a) Describe Direct Procurement.

(b) Describe general policy of diligence for Direct Procurement.

QUESTION 4

(a) Classify following terms used in procurement agreements-

1. Advance Payment
2. Prompt Payment
3. Early Completion Bonus

(b) List dissimilar procurement methods available for public procurement in the Act.

(c) Explain term "Bid Security".

QUESTION 5

(a) Classify the supply chain concept?

(b) Explain four types of supply chains.

Reference no: EM13348891

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