This document provides information about obtaining fully solved SMU MBA Fall 2014 assignments. It lists contact information for an email address and phone number to request assignments based on semester and specialization. It includes sample questions and answers covering topics like procurement management, types of bidding and contracts, RFPs, risks in contracts, and outsourcing. Students are advised to mail their requests and check a blog for samples, calling only in emergencies.

1. Dear students get fully solved SMU MBA Fall 2014 assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
These are just questions for reference . To check samples see our latest
uploads in blog archive or search assignments .
(Prefer mailing. Call in emergency )
DRIVE-Fall 2014
PROGRAM/SEMESTER-MBADS (SEM 4/SEM 6) MBAFLEX/ MBAN2 (SEM 4) PGDPMN
(SEM 2)
SUBJECT CODE & NAME-PM 0018 –CONTRACTS MANAGEMENT IN PROJECTS
Q1. What is procurement management? Explain the basic steps in procurement
process.
(Definition of procurement management, Explain the six basic steps of procurement
process)2.5, 7.5 (1.5 marks per step)
Ans.
Procurement management
Procurement management is an important knowledge area in project management and
it is a formal process by which many organizations acquiretheir goods and services from
outsidebody. Hence, project procurement management involves getting work done by
people outside the project organisation. It includes the management of purchasing or
acquiring of product, services, or projects.
Q2 Explain condition for adopting National Competitive Bidding and the requirements
of National Competitive Bidding.
(Explanation of:
Condition for adopting National Competitive Bidding-4, requirements of National
Competitive Bidding-6) 10 marks
Answer.
Condition for adopting National Competitive Bidding

2. In National Competitive Bidding you as an employer or purchaser, invite bids for works
and goods through advertisement in electronic and print media within the country.
However, foreign firms can participate in the bidding process, provided they accept the
bidding conditions. The bidders have to submit their bids in national currency only and
payment would also be made in national currency. You can choose NCB method of
procurement for goods and services under the following circumstances:
Q3 List the features of Item Rate contracts and demonstrate how they are different
from Lump Sum contracts.
(Listing of features of Item Rate contracts-5, Differences-5) 10 marks
Answer.
Features of Item Rate contracts
The salient features of item rate contracts:
Bidders are allowed to quote unit rates1 for carrying out various items of work or
required goods.
· Detailed measurements of all items of work executed by the contractor are recorded
and payments are made to the contractor as per the quoted rates.
Q4 What is RFP? What are the types of consultancy contract?
(Definition of RFP-4, what it includes Description of types of consultancy contracts,
where it is best suited-6) 10 marks
Answer.
Definition of RFP
It is an invitation for suppliers, requestingfor detailed proposal on how the work will be
accomplished, company experience, price, and so on. The RFP document for
procurement of consultant is similarto tender document for procurementfor works and
goods. RFP provides all the instructions and information necessary for the shortlisted
consultants to prepare their proposals.
Q5. Briefly explain the areas of risk and causes of risk in contracts. Briefly describe five
conditions for termination of a contract?
(Explanation of various risks-5, Description of conditions for termination of contract-5)
10 marks
Answer.
Risk and causes of risk in contracts

3. From thepoint of view of where risk control lies, five classifications of risk can be listed:
· External risks which are unpredictable like acts of god, third party risks and so on.
· External risks which are predictable, but uncertain, like weather.
Q6. What is outsourcing? What are its benefits and draw backs? Write short notes on
contract compliances?
(Explanation of outsourcing, benefits and drawbacks-5, Short notes on contract
compliance-5) 10 marks
Answer.
Outsourcing
Outsourcing is subcontracting a service, such as product design or manufacturing, to a
third party company. Thedecision whether to outsourceor to do in-houseis often based
on achieving a lower production cost, making better useof available resources, focusing
energy on thecore competencies of a particular business, or just making more efficient
use of labour, capital, information technology or land resources. It is essentially a
division of labour. Outsourcing became part of the business lexicon during the 1980s.
Dear students get fully solved SMU MBA Fall 2014 assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
These are just questions for reference . To check samples see our latest
uploads in blog archive or search assignments .
(Prefer mailing. Call in emergency )