Question 1 Fixed price contracts have a preset price that the vendor must adhere to in performing the work and in providing materials. There are different kinds of fixed price contracts. Describe them.
Question 2 Direct contracting is another procurement method that is used under a limited number of exceptional circumstances. Describe the conditions for adopting direct contracting, requirements and steps for direct contracting
Question 3 Write short notes on Cost Plus Fee Contracts
Question 4 The methods of selecting a consultant are designed to achieve the objectives of efficiency, quality, fairness and transparency in the selection process and to encourage competition. Discuss any 2 methods of selecting consultants
Question 5 The contract control process commences right at the beginning stage of bid document preparation inviting contractors to bid, and proceeds through the contractor selection, contract negotiation, monitoring and controlling of the contractor's work and terminating the contract. Describe the areas that need attention for effective control of the contracts in a project
Question 6 Describe the need of Procurement law and what are its objectives?