Importance of a price adjustment clause, Other Management

Assignment Help:

QUESTION 1

(a) List five required elements of a valid contract.

(b) Give one circumstance when a contract can be modified.

(d) Describe two remedies available to a public body in case a supplier breaches an important provision of a contract.

(e) Distinguish between an express and implied term.

(f) Describe the reasons for seeking a performance security from a Supplier.

(g) Describe the role and function of a Project Manager.

(h) Describe two circumstances when a fixed price contract is appropriate.

(i) Illustrate the term ‘warranty' in relation to a procurement contract.

(j) Describe the role of a ‘Subcontractor' in the execution of a Works Contract.

QUESTION 2

Explain the importance of a price adjustment clause in a procurement contract.

QUESTION 3

The main obligation of the Public Body is to pay the Contractor promptly after the due date. Explain the consequences of late payment to the public body.

QUESTION 4

Explain four circumstances when a public body can terminate a contract.

QUESTION 5

Write short notes on the subsequent:

(a) Liquidated Damages

(b) Retention Money

(d) Force Majeure

Related Discussions:- Importance of a price adjustment clause

How ethnocentrism affects intercultural communication, Intercultural commun...

Intercultural communication is the method of sending and receiving messages between people whose cultural background leads them to interpret verbal and non-verbal signs differently

Explain any five necklines along with illustration, Question 1 Explain the...

Question 1 Explain the steps in drawing the head and the face of male figure with illustration Question 2 Explain basics of drawing legs and feet of a child with illustration

Shelf arrangement - library management, Shelf Arrangement: Once the li...

Shelf Arrangement: Once the library has a taken decision on the number of sequences in which the total collection is to be organised the material in the shelf in each sequence

System of quality cost reporting, QUESTION 1 When one considers an ordi...

QUESTION 1 When one considers an ordinary organizational culture alongside a Total Quality Management organizational culture, some clear differences can be identified Based

Explain materials required for crocheting, Question 1) Describe any five d...

Question 1) Describe any five differences between Weaving and Knitting Question 2) State the advantages of shuttleless looms Question 3) What is felting? Explain

Organizational culture, Organizational Culture A common perception held...

Organizational Culture A common perception held by the industries members is a system of shared meaning. For most people, organizational culture is something they cannot descri

Write a short note on gantt chart, QUESTION 1 a) Outline the roles and ...

QUESTION 1 a) Outline the roles and authorities of a project manager b) Write a short note on Gantt Chart c) What are the 3 common types of budgets and write a short para

Implementation of operations, Question 1 In the recent times, operations a...

Question 1 In the recent times, operations are considered from end to end of value chain which means the operations that start from sourcing of materials and other inputs to succe

Literature search sources, Use of the library: The researcher plans to ...

Use of the library: The researcher plans to concentrate the efforts on identifying information on a specific topic. If you are unfamiliar with a particular library get acquain

Scope of materials handling, Scope of Materials Handling Materials han...

Scope of Materials Handling Materials handling is spread over to many different industries and fields of engineering. The followings table gives its broad application.

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages