After watching some highlights on TV of the stories of extensive tender corruption coming out at...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
After watching some highlights on TV of the stories of extensive tender corruption coming out at the Zondo Commission in South Africa, you have developed a negative attitude towards tenders in general. However, your manager has persuaded you that there are times when the company doesn't have the necessary expertise and equipment to perform a critical function, so tenders are necessary under those circumstances, and can even be good for the company if managed without corruption. Task: 1. Define both tender management and contract management; 2. Explain how they are separate but linked processes; and 3. Recommend at least three ways in which you can reasonably manage the risks associated with issuing a tender. After watching some highlights on TV of the stories of extensive tender corruption coming out at the Zondo Commission in South Africa, you have developed a negative attitude towards tenders in general. However, your manager has persuaded you that there are times when the company doesn't have the necessary expertise and equipment to perform a critical function, so tenders are necessary under those circumstances, and can even be good for the company if managed without corruption. Task: 1. Define both tender management and contract management; 2. Explain how they are separate but linked processes; and 3. Recommend at least three ways in which you can reasonably manage the risks associated with issuing a tender.
Expert Answer:
Answer rating: 100% (QA)
The tender stage is the process of selecting and appointing works contractors Tendering involves a number of works contracts contracted by the management contractor Works contracts may not all be tend... View the full answer
Posted Date:
Students also viewed these marketing questions
-
Your doctor tells you that you have developed a urinary tract infection by the Gramnegative bacterium E coli and prescribes the antibiotic nitrofurantoin However, you had some antibiotics leftover...
-
On 1 July 2007 Beidoy Ltd acquires another factory in order to expand its production capacity. This factory has three production departments: Moulding, Assembly and Paint Shop. There is also a...
-
You have developed a grand unified theory that predicts the following things about the decay of protons: (1) protons never get any older, in the sense that their probability of decay per unit time...
-
3. Complete all parts. Let f(x) = I 2+1 on the interval [0, 2). = x 2+1 (a) Explain why the function f(x) on interval [0,2] satisfies the Mean Value Theorem. (b) find all numbers c that satisfy the...
-
In 2012, Canseco & Sons, a small environmental-testing firm, performed 12,400 radon tests for $ 310 each and 16,600 lead tests for $ 210 each. Because new homes are being built with lead- free pipes,...
-
Assume that the real risk-free rate, r*, is 3% and that inflation is expected to be 8% in Year 1, 5% in year 2, and 4% thereafter. Assume also that all treasury securities are highly liquid and free...
-
High Corporation has 60,000 shares of \(\$ 20\) par value common stock outstanding and retained earnings of \(\$ 800,000\). The company declares a 100 percent stock dividend. The market price at the...
-
Primorsk is a global specialized staffing firm. Information adapted from the statement of earnings (in thousands, without earnings per share information) in its annual report for the year ended...
-
Consider an OFDM wireless technology with 20 subcarriers in which only 10 subcarriers are used for data transmission. Assume a 3/4 code rate, 256-QAM, and a symbol duration of 2s. What is the...
-
For a study that consists of personal interviews with participants (rather than mail or phone surveys), explain why simple random sampling might be less practical than some other sampling methods.
-
In 2 0 2 1 , Alondra, a single taxpayer, had $ 3 , 7 5 0 in state tax withheld from her paycheck. She properly deducted that amount on her 2 0 2 1 tax return as an itemized deduction that she...
-
Acme Company is considering an investment in a project that has an internal rate of return of 20%. The project has an 8-year useful life but no salvage value. Net cash inflows from the project are...
-
At August 31, Pratt Company has a cash balance per books of $7,750 and the following additional data from the bank statement: charge for printing Pratt Company checks $58, interest earned on checking...
-
Raleigh Department Store uses the conventional retail method for the year ended December 3 1 , 2 0 2 2 . Available information follows: The inventory at January 1 , 2 0 2 2 , had a retail value of $...
-
Troy Engines, Limited, manufactures a variety of engines for use in heavy equipment. The company has always produced all of the necessary parts for its engines, including all of the carburetors. An...
-
d d x e c o s h 3 x
-
The bookkeeper for Riley, Inc., made the following errors: a. A cash purchase of supplies of $357 was recorded as a debit to Supplies for $375 and a credit to Cash of $375. b. A cash sale of $3,154...
-
Use the information for Austin Automotive in Exercise E9-16 and assume a tax rate for the company of 30 percent. a. If Austin Automotive wants to earn an after-tax profit of \(\$ 135,800\), how many...
-
In a risk management program, the unit of analysis is: a. The exposure on which the audit team is focusing b. The business process or function to be audited c. The weighting assigned to a generic...
-
Mel's Accessories sells wallets and money clips. Historically, the firm's sales have averaged three wallets for every money clip. Each wallet has an \(\$ 8\) contribution margin, and each money clip...
Study smarter with the SolutionInn App