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Procurement Law And Contract Management (Pscm 026) Question Paper

Procurement Law And Contract Management (Pscm 026)

Course:Accounting, Finance& Investments

Institution: Kenya Methodist University question papers

Exam Year:2013

TIME: 2 HOURS
Instructions:
Answer question one (compulsory) and any other two questions.
Question One
Describe the characteristics of a project.
(10 marks)
Post tender negotiations usually take place after the tendering process has been completed and the successful tenderer notified, but before the contracts are signed. Identify the benefits of post tender negotiations.
(6 marks)
Identify the essential elements of a valid purchasing contract.
(4 marks)
Highlight the ’dos’ and ’don’ts’ of contract administration.
(10 marks)

Question Two
Highlight the qualities that a good negotiator should possess to enhance the chances of winning a contract.
(10 marks)
Outline different ways in which IT can be used by organization for improved project and contract management.
(10 marks)

Question Three
Briefly explain various methods that organization may use to conduct a risk assessment on their projects.
(10 marks)
Highlight various methods that organizations may use to resolve any disputes between the client and the contractor during administration of the contract.
(10 marks)

Question Four
Team work is necessary for effective project and contract management. Highlight the benefits of teamwork to the organization.
(10 marks)
Briefly explain circumstances when organization may need to engage the services of consultant in profit and contract management
(10 marks)

Question Five
Identify the importance of setting objectives for procurement projects.
(10 marks)
Explain reasons why a contractor may subcontract work to another contractor.
(10 marks)

Procurement Law And Contract Management (Pscm 026) Question Paper

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