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1. Why might negotiation be favored over competitive bidding in certain procurement situations? Based on the textbook and my understanding, whenever there are negotiations between a procurer and a supplier regarding a competitive bidding, the first thing that might be favored is the scope of the project, meaning both will sit down and discuss the entire project prior the work begins. Meanwhile, during the negotiations, evaluation criteria should be clear, and stated and defined. As the evaluation is based on the criteria stated and the procurer can request or ask the supplier’s opinions on certain specifications and where things can be improved. There are two characteristics to be considered when negotiating over competitive bidding: a) Must be flexible and allow changes to make and specify the designs of the projects. b) Knowledge is very important because if a project is based or awarded on competitive bidding then a contractor may not know the information about possible design flaws, submit a low bid, and recoup profits when changes are required. 2. Considerations of Epsilon's alternative proposal: a. What is the applicability of a requirements contract from Ruhling’s point of view? Assume that Epsilon will still make a profit resulting from economics of long runs and learning curves From Ruhling's point of views, the applicable of a requirements contract are both legal and mutually satisfactory, as long as performance is met and buyer's requirements exist, it gives certain protection against price increases, and the possibility of a market predictable. b. Assuming Ruhling is now interested in a requirements contract, how should Ruhling proceed with the bidding/award process? Ruhling should start a ... ... middle of paper ... ...anged innumerable times over the project's life. Continual rework and time delays had hampered progress. Bolger had reported design errors that necessitated the refitting of complex equipment and rework of the aluminum welding. Materials requirements included the use of welded aluminum. Bolger normally employed only steel welders; aluminum welders were in short supply and impatient during work stoppages. The Bolger contract was cost based plus a fixed fee. A particularly disturbing problem was Bolger's cost reporting system. Bolger contract negotiators waited for up to three weeks for cost data. Works Cited http://www.fns.usda.gov/tn/Resources/equip08.pdf http://faculty.haas.berkeley.edu/stadelis/aucvsneg07_15_07.pdf http://www.nextlevelpurchasing.com/articles/dual-source.html http://corpslakes.usace.army.mil/employees/omcontracts/pdfs/section12.pdf
Thomas Jefferson said, “I find that the harder I work, the less I call it work”. I have often found myself in situations where I needed to fix something but could not because it is metal. I believe this might be why I began to show interest in welding. There is great satisfaction in being able to create or fix a metal object on your own. As a Certified Welder, I will be able to combine my hardworking drive with my personal interest in metal working to be a successful welder. This paper will explore the job description, requirements, and salary expectation for a Certified Welder.
Determining a project delivery method to use is one of the most important decisions made by every owner embarking on
"Welding Processes, Welding Faults, Defects & Discontinuities For NDT Technicians Part 3." Hera.org. Hera, n.d. Web. 15 Mar. 2014. .
their release of Arc Welding, they have been the staple for shipbuilding and other industrial
For decision making purposes, the projects can be further divided into two groups which is independent project and mutually...
Ramroth, Jr., William G., 2006, Project Management for Design Professionals, . Chicago, Illinois : AEC Education.
Identification of major problems in the processes by selecting a project and defining its targets, and determine the vital few factors to be measured, analyzed, improved, and controlled. Project goals and customer (internal and external) requirements are identified at define phase.
A starting point of consideration is the level of responsiveness of the applicant (Solish 2012). This refers to both the completeness of the application where all requested questions have been answered in keeping with the initial request. Consideration should also be given to a supplier that is able to demonstrate deeper understanding of the task and or request being made as this will show they are in a position to not only understand the requirements, also highlight there suitability to the task being requested. In addition to this it is prudent to track how quickly follow up questions are actioned as the responsiveness of the supplier can be used as a reliable indicator to their interest ...
Albert Thompson, general sales manager for Belton Industries, Inc., faced a problem or high turnover of sales personnel. He was led to believe that some¬thing was wrong with the selection process and that the selection procedure should be evaluated.
Kerzner, H. (2003). Project Management: A Systems Approach to Plan, Scheduling, and Controlling 8th Edition. John Wiley & Sons Inc.
Egbu, C. (2012) Construction Innovation Through Knowledge Management. In: Akintoye, A., Goulding, J. & Zawdie, G., (eds.) Construction Innovation and Process Improvement, 1st edn. Blackwell Publishers, Oxford, pp. 235-247.
...accurate cost data. Thorough understanding of work completed and remaining work to complete plus unit cost data to date will provide accurate forecasting of final cost. All of these factors of the construction cycle produce accurate historical costs and higher quality estimates.
As one learns/reads more about the procurement realm, it becomes glaringly obvious that each of the writers, theorists and consulting firms involved in procurement has a slightly different take on the stages in the procurement process. Procurement is so dynamic, in fact, that it requires constant analysis and monitoring by someone (or a team) within an organization. There is always more to know/more data to analyse/more forecasts to produce
This paper examines the legal aspects of procurement management and specifically how procurement management can be used as an effective tool for the overall management of a project. This paper focuses on the basics of common contract laws, the basics of agency law, the Uniform Commercial Code (UCC), and some aspects of that pertaining to the Federal Acquisition Regulations (FAR). A summation of the company’s position in relation to a given supplier (provided the company decides not to procure all of the material in a contract) will be examined along with how that position is strengthened by understanding the legal aspects of procurement management. Finally, the paper will analyze how the project manager is supported by the contract management function. Fleming (2003) posited that there is a clear and important distinction that should be made that delineates the work of the project from the inside work of the company.
Step 6, evaluation and selection of a supplier: the evaluation stage of the process could involve the p...