Question
You have been employed as project management expect in a multinational company. you are required to ensure the successful delivery of all projects. Of
You have been employed as project management expect in a multinational company. you are required to ensure the successful delivery of all projects. Of the many ways to ensure that projects are delivered successfully, guarantee and warranties are to be submitted by both parties. Identify the guarantees which are applicable in the construction industry which contractors may submit during Tender and after Tender. UN (8marks) Discuss how guarantees listed 2(a) above would protect the investor from loses and ensure security of his investment. AP (5marks) You have been asked to check the completeness of the Documentation for the Contract Document of a new project. Discuss the various sections of the documentation you will be looking for to ensure the completeness of the document. AN (7marks) Contractors are required to determine their build up rates for every work item in a contract. Failure to adequately determine the cost components of all work item can lead to under-pricing or over-pricing. Under-pricing will lead to significant loses in a contract whiles over prices may give significant profit when awarded the project. However, over pricing may lead to non-competitive pricing. Discuss the components of work to which cost information are required by every estimator. UN (5marks)
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a There are a few key guarantees that contractors may submit during the tendering process as well as after the project has been awarded in order to ensure the successful delivery of the project One su...Get Instant Access with AI-Powered Solutions
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