Cost-plus contract

Are these simply just two different way of saying the same thing, or are awards and inventive contracts different? (Points : 12) (TCO C) From the viewpoint of the buyer, why are award fees and incentive fees important in contracts? (Points : 12) (TCO D) Compare and contrast sole source and single source approaches to procurement. (Points : 12) (TCO D) Describe the typical work relationship between a project manager and a contract manager (TCO E) What is the purpose of creating a procurement SOW for an RFP? (Points : 12) (TCO E) You are writing a procurement SOW for an RFP. What items are you likely to include in this SOW? (Points : 12) (TCO F) You are preparing for contract negotiations. To achieve your desired contract negotiation results, you need not only a strategy but also tactics and countertactics. Give an example of two tactics, and state why they help you achieve the desired result. (Points :…

management processes (Labrosse, 2008). Project teams often lose sight of project objectives relative to time and cost, while primarily focusing on the tasks at-hand and the associated deliverables. Effective management processes include project managers (PM) having the skills to understand the benefits of establishing a balanced approach to addressing project management trade-offs such as cost, time, and performance objectives (Smith-Daniels & Smith- Daniels, 2008). Successful project…

three major factors which impact how a defense contract is chosen? Where do these three factors come together in a final decision and why is the defense market so unique and expensive? Are some weapons systems not able to apply to this process? Why not? A defense contract is chosen based on cost, performance, and schedule. These come together to deliver a high-performance weapon that’s on time, but has cost overruns; to meet the schedule and cost targets, but forgoing the cutting-edge…

Sometimes, a bidder on a work contract may bid lower than what would maximize his/her profit from the contract and the reason for that is to create goodwill (to increase expected future business from the buyer). How would you value the goodwill that is obtained in this way? DQ 2 New Product Introduction. Bayer Schering Pharma AG, Germany owns the Alka-Seltzer, which was launched in 1931 and was meant for relief of minor aches, pains, inflammation, fever, headache, heartburn, sour stomach,…

The McAllen Industrial Foundation (MIF) conducted a meeting on Wednesday, November 16, 2016 at 12:00 noon at the McAllen EDC office. Chairman Ernie Williams called the meeting to order and asked Mr. Mark Freeland to give his report on the resolutions for the transfer of the land between them and the City of McAllen. Mr. Mark Freeland mentioned he was contacted by Mr. Gary Hendrickson, attorney for the City of McAllen to move forward on the contracts for the transfer of lots 10 and 11 which was…

The case of Tommy Takem, the owner of Takem’s Appliances & Electronics, LLC against Sally Walker is one of a mistreated sales contract. When Sally Walker purchased the laptop from Takem’s Applicances & Electronics, she entered into a sales contract in which she promised to pay for the laptop. The specific terms of the contract are unknown, as to the price Sally agreed to pay Takem for the laptop, the time period over which the payments would be made, if the contract was written or oral, and so…

Which of the following is considered to be a cost of information? Answer Selected Answer: The time spent to collect the information. Correct Answer: The time spent to collect the information. • Question 2 2 out of 2 points Assume that a cargo ship carrying the merchandise of a cloth merchant has been wrecked. Such a setback will be accounted as the merchant’s: Answer Selected Answer: sunk cost. Correct Answer: sunk cost. • Question 3…

According to Mathis and Jimerson, “It also purportedly frees school leaders from non-instructional responsibilities so that they can concentrate on their primary mission of ensuring that children are learning” (p. 5). Privatizing can save money and truly provide the services that are agreed upon in the contract. “The school board and administrators must be extremely careful as they consider contracting out” (Mathis and Jimerson, 2008). The school is a large provider of employees for a…

Civil and Admisnitrative Tribuna (VCAT)l located at 55 King Street Melbourne. It is where disputes are resolved in a timely, cost effective and efficient way as their statement of vision state it. The personnel in VCAT were so kind and accomodating to us students. They welcome us with gladness when we introduce ourselves as student from Stotts College. The physical set up are good. It is very conducive to the atmosphere of resolving disputes. It is very private and cozy. We come to…

Association (GA), if there is a binding contract between the two parties. There are essential elements which must be satisfied for a binding contract to exist including agreement, consideration and intention to create legal relations. Agreement Offer and acceptance analysis may be used to show agreement. An offer is a statement of intention by one party to be bound by certain terms of the contract without further negotiation. Whether a statement is an offer is dependence on how a reasonable…