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purchase request in the previous section you learnt about purchase and buy decision where the production manager decides the right part so that
purchase and buy decision the project manager or the production manager of a project has to decide whether to buy or make a part so that it is
bill of materials bill of materials bom is an important document for any project production before launching or material requirement planning
production and development process the traditional approach to product development stresses on a rigid sequence of steps usually rampd
product development cycle all products under development typically follow the cycle of market place-to-market place the development starts with
production process let us begin our discussion with the production process the production process for any project begins soon after the
steps for force account now that we are aware of the requirements for force account contracting let us understand the steps involved in force
requirements for force account let us now look at the requirements for force accounting force account should be justifiable as to why
conditions for adopting force account list of the situation where you can utilise force account is mentioned below works are small or in remote
force account you have learnt that direct contracting is used under a limited number or exceptional circumstances without inviting any open
steps for direct contracting now that we are aware of the requirements for direct contracting let us understand the steps involved in direct
requirements for direct contracting let us now look at the requirements for direct contracting the requirement of direct contracting
conditions for adopting direct contracting we should adopt direct contracting when extension of existing contracts for works or supply of goods
direct contracting is another procurement method that is used under a limited number of exceptional circumstances in direct contracting
steps for shopping worksgoods now that we are aware of the requirements for shopping let us understand the steps involved in shopping 1
requirements of shopping let us now look at the requirements for shopping the value of the work or goods should be of a lesser value and
conditions for adopting shopping we should adopt shopping when it is an appropriate method for execution of works of small value in a short
shopping in terms of contract management shopping is a term often used in our daily life in terms of contract management this term is adapted
steps for national competitive bidding ncb similar to icb we have two ways involved in ncb one with pre-qualification another without
steps involved for internationalglobal competitive bidding icb now that we are aware of the requirements of icb let us understand
bidding is a process in which you quote money in exchange of goods or services through an auction they are two types of auctions open
contract process cycle contract process goes through the following stages to complete the contract documentation cycle pre tender
project process cycle any project professionally planned will target specified goals within the framework of time with available resources the
unit rate contracts in a unit-rate contract the seller commits to providing each unit of work defined by a buyer for a fixed price per unit of
cost-reimbursable contracts in cost-reimbursable contracts you pay the contractor the costs necessarily incurred in the construction plus a fee