Question 1:

Describe the terminologies used in purchasing of services and goods?

A Client, users, sponsors, bidding, tender, contract, purchase order, line managers, buyer, vendor, supplier, manufacturer

Question 2:

Explain the three R's in contract management.

A Risk, relationships and rules

Question 3:

What are the factors influencing contracting strategies?

A Internal forces, external forces, project characteristics

Question 4:

Describe the division of contracts into three categories

Client risk contracts, contractor managed risk contracts, shared risk contracts

Question 5:

Discuss in detail the several contract expressions used at different stages of contract.

A Point of supply, scope of supply , duration of supply

Question 6:

Describe the terms - billing structure, late payment, and termination provision

Explanation of billing structure, late payment, and termination provision