You are on page 1of 3

Spring-2015

Get solved assignments at nominal price of Rs.120
each.
Mail us at: subjects4u@gmail.com or contact at
08894344452, 08894387490
Master of Business Administration- MBA Semester 4
PM0018-Contracts Management in Projects-4 Credits
(Book ID: B2014)
Assignment (60 Marks)
Note: Answer all questions must be written within 300 to 400 words each.
Each Question carries 10 marks 6 X 10=60.
Q1. Explain the importance of project parties in project completion.
Answer. Importance of the project parties in terms of their functions –
Parties Involved In The Project Completion Construction Essay
In a construction project there are several parties involved in the completion of the
project. These parties can be from either the public sector or the private sector. The
key parties are the owner/client, the architect/engineer and the
Q2. What is bidding? Describe the bidding process from the buyer’s
perspective
Answer. A bidding system in contract bridge is the set of agreements and
understandings assigned to calls and sequences of calls used by a partnership, and
include a full description of the meaning of each treatment and convention.
Purpose of bidding
1. Specifications
The first step in the bidding process deals with coming up with the specifications for
the job. The company or customer looking for bids has to develop specifications for
the bidding process. For example, if the customer needs a building
Q3. Explain the structure of a contract.

Answer. List the elements of the contract structure Explain the elements by Cheryl
Withrow, Demand Media
As an employer, you want an employment contract that protects you and your
business, while ensuring a suitable work environment for your employee. When both
interests are equitably served, your company and your employee reap benefits.
Providing an employment contract essentially replaces the standard hiring
understanding between you and your employee. With a contract, the employeremployee relationship gets spelled out in detail, and contains significantly more
elements than a standard employment agreement.
Q4. Explain Co-operative Benchmarking Process (COBAP)
Answer. Reasons Why Retail Is Booming
Primary reasons
The prime reasons that fuelled this boom include favourable demographics, rising
consumer incomes, real estate developments, especially the emergence of new
shopping malls, availability of better sourcing options - both from within India and
overseas Q5. Explain any 5 ways that contracts may be terminated or discharged.
Answer. 5 Ways to Terminate a Contract by Rose Johnson, Demand Media
Impossibility of Performance
A contract typically requires one or more parties to do something, which is called
performance. For example, a company may hire and sign a contract to have a public
speaker talk at a company event. Once the public speaker fulfills his duties agreed
upon in the contract, it is called performance. If for some reason it is impossible for
the public speaker to fulfill his duties, it is called impossibility of performance. The
company has the right to terminate the contract in
Q6. What are the different contract forms of PPP (Public Private
Partnership).
Answer. In a PPP of a purely contractual nature, the partnership between the public
and the private sector is based solely on contractual links, whereas in a PPP of an
institutional nature there is cooperation between the public and the private sectors
within a distinct entity. Both arrangements involve delegated management of the
traditional public sector activities to the private sector. In the first type of PPP, the
rights and obligations are regulated by an

Spring-2015

Get solved assignments at nominal price of Rs.120
each.
Mail us at: subjects4u@gmail.com or contact at
08894344452, 08894387490