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PM 0018 —CONTRACTS MANAGEMENT IN PROJECTS

ASSIGNMENT

DRIVE FALL 2014
PROGRAM MBADS (SEM 4/SEM 6) MBAFLEX/ MBA (SEM 4) PGDPMN (SEM 2)
SUBJECT CODE & NAME PM 0018 —CONTRACTS MANAGEMENT IN PROJECTS
BK ID B1347
CREDIT AND MARKS 4 CREDITS AND 60 MARKS

 

Q.No Criteria Marks Total Marks
1 What is procurement management? Explain the basic steps in procurement process.
A Definition of procurement management

 

Explain the six basic steps of procurement process

2.5

 

7.5 (1.5 marks per step)

10
2 Explain condition for adopting National Competitive Bidding and the requirements of

 

National Competitive Bidding.

A Explanation of

 

  • condition for adopting National

 

Competitive Bidding and

 

 

 

  • requirements of National Competitive

 

Bidding

 

 

4

 

 

 

 

6

10
3 List the features of Item Rate contracts and demonstrate how they are different from

Lump Sum contracts.

A Listing of features of Item Rate contracts

 

Differences

5

 

5

10
4 What is RFP? What are the types of consultancy contract?
A Definition of RFP, What it includes

 

Description of types of consultancy contracts, where it is best suited

5

 

5

10

 

5  

Briefly explain the areas of risk and causes of risk in contracts. Briefly describe five conditions for termination of a contract.

A Explanation of various risks

 

Description of conditions for termination of contract

5

 

5

10
6 What is outsourcing? What are its benefits and draw backs? Write short notes on

contract compliances

A Explanation of outsourcing, benefits and

 

drawbacks

 

Short notes on contract compliance

5

 

 

 

5

10

 

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