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Contracting and Procurement - Essay Example

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For any contract to be successful, it is very necessary that the appropriate type of contract is chosen and executed. There are various types of contract which are used depending on the job that is to be executed. Each specific contract determines the cost and also the risks involved or placed upon the contractor…
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Contracting and Procurement
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Download file to see previous pages The second type of contract is the cost-reimbursement contract wherein all incurred costs that lie with a pre-determined ceiling are agreed to be paid.
1. Hiring of technicians to install and configure the software for a particular environment is indeed a critical task. While hiring people for this purpose, it is very much necessary that, the individual is assessed on different parameters which would help determine if that particular person has the capability and knowledge of how to configure and install softwares. It would be an added advantage if the person has a prior experience in the particular task.
The type of contract that can be pursued for such kind of purposes can be a cost reimbursement category contract. In the cost reimbursement contract type, specifically a cost type or cost-plus-incentive-fee contract can be opted for (National Oceanic and Atmospheric Administration, 2008). In these types of contracts payments of all incurred costs which range within a predetermined total estimated cost are paid to the people who are hired.
2. Whenever a training entity is hired for the purpose of teaching Project Management students about the techniques of using the newly installed software, it would definitely be for a particular duration, for instance a stipulated number of days or months. Cost sharing contract is the appropriate choice for such tasks. In a cost sharing contract, both the parties involved in the contract share or agree to split the cost of performance. In this case, it can be said that the company would agree to provide the required infrastructure and the trainer who is being hired for the purpose of training would agree to supply the course curriculum and instruction manuals etc.
3. Buying a new server and software to run the tool and house the project database involves identifying and locating both hardware and software. Identifying both hardware and software service providers involves market research. If a market research is done, then obviously various quotes would be obtained from different vendors from which the company would select the best optimum vendor depending on the quote and place the order. These kinds of contracts can be executed by cost reimbursement contracts and in this specifically, cost-plus-fixed-fee. According to the Cost-plus-fixed-fee contracts, all incurred costs are paid apart from a fixed fee which is not supposed to change all through the contract.
4. Hiring tool usage experts to transfer knowledge to the student PMs about the use of the tool on the job for the first 60 days after going "live" clearly states that it is for a stipulated period i.e. for 60 days. Here, the hiring of an individual is done for a particular time period. Hence, in this case it would be appropriate that the person is hired on the basis of an hourly rate i.e. a particular amount for the number of hours worked. The type of contract that can be pursued in this case would be cost type contract in which payments of all incurred costs which range within a predetermined total estimated cost are paid to the people who are hired.
5. Plan for the removal and disposal of the no longer to be used scheduling tool software and hardware also falls into the same category as to where a person is hired for the installation of the software. The person who ...Download file to see next pagesRead More
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