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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.
Requirements for direct contracting Let us now look at the requirements for direct contracting: The requirement of direct contracting should be such that it can be ju
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Explain the discounting principle. using the discounting principal calculate the present value of an annuity of five years at rs.500 payments made at the end of each of the next fi
Question 1: (a) Explain the basic philosophy behind quality management systems such as those specified in ISO 9000:2000 series. (b) Discuss how an effective quality manageme
WHAT IS A RECORD FORMAT THAT DIVIDES THE RECORD INTO SECTIONS?
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