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What Type of contract the contract bears virtually all the financial risk associated with procurement?
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What does someone in IT Procurement do?
IT Procurement is a kind of work that deals with IT contracts, either with hardware, software, or services. Therefore, a person in IT Procurement should have ability of assessing and making a good and profitable contract for their IT projects.
What are the advantages of e - procurement?
selection contract wil be competitive open tendering
What are the post procurement activities?
Post Procurement activities commonly involve; • Supply contract administration, • Inventory control and stores, • Disposals and other related functions.
What are the objectives of contract?
The objectives of EPC contract is to define the goals and expectation of a project. This is the same as with any other form of business contract. EPC refers to Engineering Procurement Construction.
What are the characteristics of public procurement?
There are several characteristics of public procurement. The most common features include contract documents, consideration of tenders, transparency and confidentiality and so much more.
Explain the unfair contract terms Acts and outline cases where vendors exclusions have failed to hold sway with cort as a procurement specialist?
Explain the unfair contract terms Acts and outline cases where vendors exclusions have failed to hold sway with Court as a procurement specialist?
How do you obtain a printing contract with the Post office?
First you have to have a financial stable printing business. Become regestired with you local state procurement offce. Then register with feeral procurement. Then state with the daily RFQ online listings (Request for Quotation) and pray. Go to every procurement conference and meeting in your area and keep going, it is no quick deal. I was in state and federal purchasing for 10 years it took me 6 years to become seriously established. Good Luck
What conditions need to exist in order to obligate funds on a contract that extends from on fiscal year into the next?
Both, it is for procurement of severable services and the contract does not exceed one year
Difference between epc contract and bot contract?
EPC contract is an Engineering, Procurement and Construction contract that comprises entire project starting from designing, planning, procurement from third parties, clearance of goods, delivery, provision of spare parts, erection, commissioning, testing, completion of facility and correction of defects etc. BOT contract is a built, operate and transfer Contract which also comprises total responsibilities to build the entire project and after operating the project, transfer the same to the Owner of the project. Karuna Kumar
Who is responsible for contract negotiation and monitoring?
Contract negotiation is typically handled by the legal team or procurement department, while contract monitoring is the responsibility of project managers or contract administrators. They ensure that both parties are meeting their obligations and that the contract terms are being followed.
What is the importance of documentation in procurement?
Procurement documentation is a process which depends on the type of the contract that has been already selected. A procurement documentation contains following parameters: Invitation to tender letter, Instructions to bidders, Specification, Drawings, Bills of quantities and schedule of rates etc. Procurement documentation plays an important role because they serve as an audit trail of how the process was carried out.
What were homage and fealty associated with?
the feudal contract
