Question 1:
Describe the terminologies used in purchasing of services and goods?
A Client, users, sponsors, bidding, tender, contract, purchase order, line managers, buyer, vendor, supplier, manufacturer
Question 2:
Explain the three R's in contract management.
A Risk, relationships and rules
Question 3:
What are the factors influencing contracting strategies?
A Internal forces, external forces, project characteristics
Question 4:
Describe the division of contracts into three categories
Client risk contracts, contractor managed risk contracts, shared risk contracts
Question 5:
Discuss in detail the several contract expressions used at different stages of contract.
A Point of supply, scope of supply , duration of supply
Question 6:
Describe the terms - billing structure, late payment, and termination provision
Explanation of billing structure, late payment, and termination provision