Project Management Assignment Example | Topics and Well Written Essays - 2000 words - 1

Project Management - Assignment Example The parties involved hereto acting with appropriate authority by their related firms. [Client name]  [agency information  Company name Company name Full name Full name Title Title Signature Signature Date Date Assignment 2 An Invitation for Bid (IFB) is a request made when submitting a bid to provide certain services or goods in order to fulfill a bid that a firm has identified. RFP is converted to an IFB when there is a considering the lowest price in making an award. Moreover, it is usually done when the services and goods are fairly simple and also when the need is standard. In converting RFP to IFB requirements would need to be adjusted then the government and the contractors will submit their offers again. Moreover, the other evaluation factors that were in the RFP would be removed. Assignment 3 contracts and procurement (supply bid for popcorns) Submitted by: Milano Suppliers Ltd. Street City, State, Zip Type of Business: good suppliers Title of Proposal: bid to supply popc orn kernels Proposed Amount: 30cts per pound of kernel Period of Performance: over 5 years Business Point of Contact: Name Telephone No. e-mail address Our clients include: Name Telephone No. e-mail address Name Telephone No. e-mail address Name Telephone No. ... with—the submission of this data, Puffy Pop shall have the right to duplicate, use, or disclose the data to the extent provided in the resulting contract. This restriction does not limit Puffy Pop's right to use information contained in this data if it is obtained from another source without restriction. Assignment 4 contracts and procurement A fixed price contract will be effective for the order of a pencil manufacturer to produce 20 000 pencils. This is because the product can be explicitly defined as there is enough data to accurately calculate approximately the cost. Moreover, the requirement for the order is well defined and the contractors have vast experience in ensuring the order is met. Therefore, the financial risks are insignificant. Cost plus contracts will be effective in the other three contracts. In the construction of a 300-meter bridge a cost plus contract is suitable due the risks attached to it. The contract is characterized by uncertain labor hours and spec ulative material required in the construction of the bridge. The design of a circuit board and the small factory are both long-term projects, which is likely to put the contractor in unforeseeable exposure to market uncertainties. This protects the Government and contractor in the case of labor or material fluctuations in price. Therefore, a fixed price convention is inappropriate Advantages CPAF contacts are widely used as it results in better communication and enhances motivation to achieve a better contract performance. Evaluation and motivation flexibility is advantageous in instances that require cost-reimbursement contracts. Moreover, it encourages efficient communication between the parties. Hence, the approach is an effective management tool. The disadvantage with this mode of contract