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

Benefits of b2b e-commerce in developing markets, Question: (a) What ...

Question: (a) What are the benefits of B2B E-Commerce in Developing Markets? (b) The B2B market has primary components: e-frastructure and e-markets, e_infrastructure is t

Document delivery service of insdoc, DOCUMENT DELIVERY SERVICE OF INSDOC: ...

DOCUMENT DELIVERY SERVICE OF INSDOC: INSDOC has been offering DDS at national level since 1952. The service is provided utilizing the entire country's resources including thos

Types of reference work - library management, Types of Reference work: ...

Types of Reference work: a) The conservative approach is based on the fact that the users should be instructed on how to use books and libraries rather than on delivery of inf

Quality assurance plan, Q uality assurance plan The quality assurance ...

Q uality assurance plan The quality assurance plan is to establish the goals, the process and the responsibilities needed to implement the effective quality assurance function

Explain e-compensation tools, In most modern organizations, the employment ...

In most modern organizations, the employment relationship has shifted from being life-long with career management provided by the organization into being more short-term with emplo

User needs and use and user studies, User Needs and Use and User Studies: ...

User Needs and Use and User Studies: Libraries, information centres and databanks are now known as information facilities which exist for the benefit of users. The management

Human resource development-introduction, HUMAN RESOURCE DEVELOPMENT-INTRODU...

HUMAN RESOURCE DEVELOPMENT-INTRODUCTION Of all the resources of any organisation, the most valuable and important resource is quality manpower. This is the force that activate

Education and research , Education and Research i) Students need inf...

Education and Research i) Students need information relating to their academic pursuits. ii) Teachers need information for imparting education students to their student

Cataloguing-in-publication, Cataloguing-in-Publication (CIP): Centrali...

Cataloguing-in-Publication (CIP): Centralised cataloguing led to the logical step of publishing bibliographic entries of documents in the publication itself, on the reverse si

List the distinguishing characteristics of a project, QUESTION a) In th...

QUESTION a) In the day to day operations of the organisation daily activities are carried. Project management activities are also carried out in a planned manner. List the dist

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages