“CONTRACT & PROCUREMENT MANAGEMENT AT NTPC” SUBMITTED BY: **************** INDUSTRY GUIDE **************** FACULTY GUIDE **************** TABLE OF CONTENTS Chapter No. Subject Executive Summary…………………. Research Methodology……………… Primary Objective(s)…………. Hypothesis…………………… Research Design……………… Sample Design……………….. Scope of the Study……………. Limitations……………………. Critical Review of Literature……….. Company Profile ……………………. Industry Profile……………….. Swot Analysis…………………. Data…………………………………
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PROJ598 – Contract and Procurement Management Request for Proposal Seeds-a-Million Inventory Control System Jennifer Pattison Missenu03@yahoo.com PM598 – March‚ 2013 TABLE OF CONTENTS 1. INSTRUCTIONS TO BIDDERS 3 1.1. General Description of Work 3 1.2. What Must Be Included with Bid 3 1.3. Schedule of Bid Period Activities 3 1.4. Location of Work 3 1.5. Pre-Bid Meeting 4 1.6. Owner Contact for Questions 4 1.7. Pre-Award Surveys 4 1.8. Sealed Bid Requirements 4
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TYPES OF PROCUREMENT CONTRACTS 1.0 INTRODUCTION Sollish et al (2011) states that the decision over what contract type to use is one of the most important strategic decisions; because the type of contract has an influence on how the contractor is paid and the risk allocation between the contracting parties. In making such a decision the goal should be to get the optimum project objective attainment likelihood. 2.0 CONTRACT TYPES According to Sollish et al (2011)‚ there are two major types
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Procurement Law Overview‚ Part Two Procurement and Contract Law Procurement Law Overview‚ Part Two Payments under Fixed-Price Construction Contract clause permits the government to partially compensate contractors for supply and services which have been accepted by the Government‚ as long as the contractor demand it and the sum is no less than $1‚000 or 50% of the full contract amount. These interim payments diminish the contractor needs to finance expenses to fulfill the contract. As
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services required for the construction‚ design‚ and administration of the building. This will include: Programming‚ cost estimating‚ structural engineering‚ landscaping‚ and interior design. 1.2 Bid/Submittal Requirements Upon award of the contract‚ the vendor will submit the following: 1. Letter of Interest: a. The letter will briefly describe the firm’s qualifications and past experience. The signature on contractual documents must be by the president/principal of the firm. 2. Qualifications/Expertise
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Standardizing the Procurement Process The ACME Development Corporation has charged me with the task of standardizing their procurement processes and practices. In order for me to accomplish this‚ it is imperative that all project managers understand why a standardize procurement process is an important part of the project management lifecycle and what negative impact would occur if we continue to do ‘business as usual’. Let’s start by taking a look at how procurement fits into the project
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Procurement Management Marketing 432 What is Procurement Management? Today‚ different organizations employ various management techniques to carry out the efficient functioning of their departments. According to the Project Management Institute’s A Guide to the Project Management Body of Knowledge‚ “procurement management is the process required to acquire goods and services‚ to attain project scope‚ from outside the performing organization” (Ruskin‚ 1995). Procurement management is known
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Option B a) Late Interim Payments by Employer The various contractual provisions in relation to the late interim payments by the Employer will be addressed with the use of the JCT Standard Building Contract With Quantities 2005 Edition (JCT SBC05) Revision 2 2009. According to Clause 4.13.1 of the (JCT SBC05) Rev 2 2009‚ the Employer is obliged to pay the amount due as stated in the Interim Certificate within 14 days from the date of issue. According to Clause 4.13.3 & 4.13.4 of the (JCT SBC05)
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Cited: Monczka‚ Handfield‚ Giunipero‚Patterson. Purchasing and Supply Chain Management. Fifth Edition. South Western Cengage. Print. 2011.
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In anticipation of a change in needs I would utilize the management process known as Agile Scrum methodology. This type of management process allows constant communication between the buyer‚ or the “product owner” and the seller‚ or the “scrum team”. This is a management process used widely in the development workplace. This allows the team to focus on short term goals within 1 to 2 week iterations known as sprints. If the buyer‚ BBI has changes that need to be made to the expectations‚ then the
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