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Given the delivery methods, under what conditions should each delivery method be appropriately coupled with any of the contract types (Fixed Price, Cost Plus, Guaranteed Maximum Price, Unit Price), if any. Please give example of any particular local projects that can show such application.
- Design-Bid -Build
- Design-Build
- Construction Management at Risk
- Build-Operate-Transfer
- Turnkey
- Integrated Project Delivery
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- In project procurement management there are three main contract types: Fixed price, Cost Reimbursable and Time and Material contracts. As a seller, which of these contracts would you prefer? Which contract would ensure that you can maximise your profits and keep your costs as low as possible?Scenario: Designated project manager for a medical health services project for low-income earners, unemployed and homeless people. Before the medical professionals begin their work, which was stipulated in the contract, or products have been bought, you would have gone through a process of identifying your requirements, created documents detailing your requirements, and analyzing the proposals received from each seller. These activities, among others, are critical to the Plan Procurement Process and result in the creation of a procurement management plan. From the medical services project scenario, what steps would you take when controlling procurements?Scenario: Designated project manager for a medical health services project for low-income earners, unemployed and homeless people. Before the medical professionals begin their work, which was stipulated in the contract, or products have been bought, you would have gone through a process of identifying your requirements, created documents detailing your requirements, and analyzing the proposals received from each seller. These activities, among others, are critical to the Plan Procurement Process and result in the creation of a procurement management plan. From the medical services project scenario, what steps would you consider when conducting procurements?
- Scenario: Designated project manager for a medical health services project for low-income earners, unemployed and homeless people. Before the medical professionals begin their work, which was stipulated in the contract, or products have been bought, you would have gone through a process of identifying your requirements, created documents detailing your requirements, and analyzing the proposals received from each seller. These activities, among others, are critical to the Plan Procurement Process and result in the creation of a procurement management plan. From the medical services project scenario, what activities would you complete in order to close the procurements?Identify any two of the different procurement options currently found within your sector of operation in relation to new projects - this should include the identification of the design and construction phases and whether these are considered to be integrated or separated. •Discuss the impact of build-ability on the procurement options identified above. •Explain the contractual relationships between the client, design team and construction team for each procurement system and how this may or may not affect the cohesiveness of the collective project team effort.The FWO has just made the winning bid of 54 million Rs. to construct a new Building. Company has assigned you to this project to help ensure that it stays on schedule. The contract includes the following provisions: • A penalty of 300,0000 Rs. if Project has not completed construction by the deadline 47 weeks. • To provide additional incentive for speedy construction, a bonus of 150,0000 Rs. will be paid to if the building is completed within 40 weeks. Estimated Duration Crew size Activity Activity Description Immediate Predecessors (Weeks) Norm, Min. A Excavate 2 B Lay the foundation A 4 3 Put up the rough в 10 6 3 wall D Put up the roof C 6 3 Exterior plumbing C 4 2 Interior plumbing 3 G Exterior siding D 3 Exterior painting E, G 9 3 Electrical work C 3 1 J Put up the F, I 4 wallboard K install the flooring J 4 4 2 L Interior painting J 4 2 Exterior fixtures Interior fixtures M H 2 1 N K, L 6 1 Develop a comprehensive plan based on AOA or AON diagram that includes answers to the…
- Using facts provided in the case, conduct a strengths, weaknesses, opportunities, and threats (SWOT) analysis of AE AE had already gone through several rounds of funding (see Exhibit 1),7 and in June 2019, it had onemanufacturing centre with an installed capacity of 20,000–25,000 units. The manufacturing centre waslocated in Bengaluru, which was also the only city in which AE sold its smart e-scooters. AE had alsocreated a comprehensive public charging network called AtherGrid, which was launched in May 2019.With 31 locations in Bengaluru and 7 more in Chennai, AtherGrid was designed to provide a charginginfrastructure within 4 kilometres (km) of any commuter. Over the next five years, AE planned to set up anew manufacturing facility and additional charging infrastructure in several more cities, with the goal ofselling 1 million smart e-scooters annually. The company also planned to begin accepting pre-orders inother Indian cities, such as Chennai, Pune, Hyderabad, and Delhi, with a…Scenario: The buyer and seller are engaging in an FPIF (Fixed-Price Incentive Fee) contract and agree on the following parameters: Target Cost: $380,000 Actual Cost: $395,000 Sharing Ratio: Buyer 70%/30% Seller Target Profit (AKA Target Fee): $20,000 Price Ceiling (AKA Point of Total Assumption): $410, 000 Please fill in the blanks below with the appropriate values. Target Cost: ---------------------------------- Actual Cost: ------------------------------------- Variance (over/under): -------------------------------- Seller sharing ratio: ------------------------------------- Overrun/Underrun:---------------------------------------------- Target Profit: -------------------------------------------------------- Profit:------------------------------------------------------------- Actual Cost: ------------------------------------------------------- Price: --------------------------------------------------------------- Price Ceiling:…The following bids have been received for the supply of motor bikes and you have already evaluated the technical and all three were responsive. You are now evaluating the commercial. Your preferred delivery period is 6 weeks after contract signature. S/N BIDDER A BIDDER B BIDDER C 1. K900 000.00 K1 200 000.00 K750 000.00 COMMENTS • Bidder A quoted second highest. Their terms of payment were full payment after delivery. Their delivery period was 5 weeks after contract signature. Bidder B quoted highest. Their terms of payment were, after delivery of the motor bikes. Their delivery period was 6 weeks upon placement of purchase order. Bidder C quoted lowest. Their terms of payment were after delivery. Their delivery period was 6 weeks. The motor bikes were ex-stock. However, they went on to say that should the order be placed when the goods have sold out, the delivery period was likely to change. REQUIRED: Which supplier will be the best evaluated bidder and why?
- The agreed-upon cost for the base doll and fabric is $3 for each of the 5,000 dolls. Target profit is 10% of the total target cost. Any cost savings will be shared equally between you and the supplier. Assuming the supplier delivered all materials on time and in good quality at a final project cost of $12,000. How much do you pay the supplier?Craft a high-level Procurement Management Plan for the project.Construction company X from Europe have agreed with Investor Y from the United Arab Emirates to work on their new project. Investor Y from the UAE is a governmental institution. Company X has great experience in Europe, and this is their first project in the Middle East. A construction project with a contract sum of 210 million AED is initiated by investor. The contract type was the design and build contract form, and it is firm-fixed price contract. All the payments will be done in local currency, dirhams. The project adopted direct negotiation as the tendering procurement method. The contractual price is very similar to real costs from similar projects that the company C implemented in Europe. The date of site possession will be on May 1, 2021, and the completion date of the project is estimated to be October 27, 2023. Although project scope is wide, company believes that they will be on time by analyzing duration of similar projects with less scope from Europe. Project management…