Force account , Other Management

Assignment Help:

Force Account 

You have learnt that direct contracting is used under a limited number or exceptional circumstances without inviting any open bids. 

Force account is to make use of your own personnel and equipment, or to do the work or procure goods without prior agreement as required for lump sum or unit price. For example, when you have skilled labour for execution of certain components of the work, you need not call for bids for completing the work. However, you should justify this on economic grounds.  


Related Discussions:- Force account

Disadvantages of ordering procedure, Disadvantages: When subscribed th...

Disadvantages: When subscribed through an agent, it will not be possible to correspond with the publishers regarding the missing issues of periodicals in the absence of detail

Iso 9000 quality system standards, ISO 9000 Quality System Standards IS...

ISO 9000 Quality System Standards ISO  is  the  universal  hallmark  of  quality  which  consists  of  a  family  of standards for quality management systems such as ISO 9000.

Describe the term media literacy, It is one thing to understand the basic i...

It is one thing to understand the basic importance of being a media literate individual of knowing its basic elements and necessary skills. It is quite another to live a media lit

Define social environment, QUESTION (a) Define Social Environment (b...

QUESTION (a) Define Social Environment (b) Discuss, with examples, the impact of Social Environment on Business (c) Critically analyze the role of business in the develop

Discuss how culture affects management, Question: The ‘external environ...

Question: The ‘external environment' of a firm represents basically the forces and institutions outside the organization that may affect organizational performance. (a) Def

Mergers and acquisition, M e rgers and Acquisition Mergers and acquis...

M e rgers and Acquisition Mergers and acquisitions (M and A) is a corporate finance strategy that helps companies to attain their objectives and financial goals. It involves

Non-book materials - library management, NON-BOOK MATERIALS: The term ...

NON-BOOK MATERIALS: The term "non-book materials" (=NBM) includes  four categories of information sources drawn from the  second edition of  the Anglo-American  Cataloguing Ru

How the production manager would achieve his goal, Question : a) The m...

Question : a) The major concern of a production manager is to determine when to produce and how much to produce. It involves all the processes such as how much to procure, man

Government relations, Government Relations This is a sub function of co...

Government Relations This is a sub function of corporate communication more frequently called public affairs. Depending on your organizations, the importance of government re

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd