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ASSIGNMENT
DRIVE
PROGRAM/SEMESTER
SUBJECT CODE & NAME
BOOK ID
CREDITS
MARKS
FALL DRIVE 2013
MBADS – (SEM 4/SEM 6) / MBAN2 /
MBAFLEX – (SEM 4) / PGDISMN (SEM 2)
PM0018 –Contracts Management in
Projects
B1347
4
60
Note: Answer all questions. Kindly note that answers for 10 marks quest
Q1. Enumerate the characteristics and legal issues of LSTK EPC Turnkey contracts 10 marks(300400) words
Answer : Lump-sum turnkey (LSTK) EPC contracting is now popular world-wide as a project delivery
system for large process and power facilities. Examples are steel mills, LNG facilities, petroleum and
petrochemical facilities, power plants. It is also being adopted for large infrastructure developments
such as airports, water treatment facilities and telecommunication systems. While the term LSTK
implies affixed price for the whole contract, one must understand that several variations of thee
mode of contracting are in vogue. The contract price issue can however vary from ‘fixed price’ to a
‘hybrid price’.
Q2. Explain the steps that you should follow while evaluating the bids document.10 marks(300400) words
Answer : After you close your competitive bidding process, you can evaluate the bids received and
choose the bid that is the most cost-effective. You may consider as many factors in your evaluation
as you want, but the price of the E-rate eligible products and services must be included as a factor
and must be weighted more heavily than any other
Q3. Explain the Plan Procurement process with its inputs and the tools and techniques used.
10marks(300-400) words
Answer : Plan Procurement
This is the process of identifying which project needs are best met by procuring services from the
private sector. It is undertaken during the scope definition phase and involves consideration of

2. whether or not to procure, how to procure, what to procure, how much to procure, and when to
procure.
This process involves the preparation of the documents needed to support Invitations. PWGSC, as
the primary owner of federal real properties, undertakes substantial amounts of procurement of real
property services. As a result, it has developed
Q4. Write a note on Request for Quote (RFQ).10 marks(300-400) words
Answer : When the government is merely checking into the possibility of acquiring a product or
service, it may issue a Request for Quotation (RFQ).
An RFQ may also be used when the government does not intend to award a contract on the basis of
the solicitation but wishes to obtain price, delivery, or other information for planning purposes.
Requests for Quotations (RFQs) may be used in negotiated procurements to communicate
government requirements to prospective contractors. A quotation received in response to an RFQ is
not an offer, and consequently, cannot be accepted
Q5. Explain the guidelines for conducting a competitive negotiation 10 marks(300-400) words
Answer : Competitive negotiation is a method for negotiating the pricing and terms surrounding a
particular transaction. This method of negotiation is based around the concept that negotiations are
a zero-sum game; meaning that one party must win the negotiation while the other party loses. The
concept of competitive negotiation is in direct contrast to cooperative negotiation methods, which
conclude that there can be multiple winners in a negotiation, resulting in a win-win scenario for all of
the involved parties.
A person or company that utilizes competitive
Q6. Write a note on International arbitration institutions.10 marks(300-400) words
Answer : International arbitration is a leading method for resolving disputes arising from
international commercial agreements and other international relationships. As with arbitration
generally, international arbitration is a creation of contract, i.e., the parties' decision to submit
disputes to binding resolution by one or more arbitrators selected by or on behalf of the parties and
applying adjudicatory procedures, usually by including a provision for the arbitration of future
disputes in their contract.[1] The practice of
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
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or
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