Principles And Practices Of Contract Management(Pmgt 025) Question Paper

Principles And Practices Of Contract Management(Pmgt 025)

Course:Accounting, Finance& Investments

Institution: Kenya Methodist University question papers

Exam Year:2013

TIME: 2 HOURS
Instructions: Answer question one and any other two questions.
Question One
State and explain five principles agencies should follow when contracting for services.
(10mks)
State and explain factors to be considered in selecting a contractor. (6mks)
Describe two common challenges in contracting.
(10mks)
State four elements that contracts must specify.
(4mks)

Question Two
Outline your understanding of contract administration defining all that it encompasses. (20mks)

Question Three
Describe five types of contracts. (20mks)

Question Four
Describe four factors to be considered in interpreting contract provisions. (20mks)

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