Question 1:
Why do we need a Law of Contract?
a Explanation
Reasons to have a law of contract
b Explain the close procurement project process
- Explanation (causes,activities , when procurements are closed, Early termination of a contract, conclusion)
Question 2:
Describe the typical reimbursable cost elements and the non-reimbursable cost elements in cost-reimbursable contracts.
- A Explanation of cost reimbursable contracts
- Reimbursable cost elements
- Non- reimbursable cost elements
Describe the outputs of Conduct Procurement process and Administer procurement process
Conduct procurements outputs
• Selected sellers
• Procurement contract award
• Resource calendars
• Change requests
• Project management plan updates
• Project document updates
Administer procurements outputs
• Procurement documents
• Organisational process assets updates
• Change requests
• Project management plan updates