Free

Service Contracting - Essay Example

Comments (0) Cite this document
Summary
According to Kelly (2010), every partner to a service contract must be guaranteed that the contract is watertight, which means that it adheres to its set objectives and steers clear of unforeseen circumstances. However, the true nature…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.8% of users find it useful
Service Contracting
Read TextPreview

Extract of sample "Service Contracting"

Service Contracting Service Contracting Question Every business is run by service contracts. According to Kelly , every partner to a service contract must be guaranteed that the contract is watertight, which means that it adheres to its set objectives and steers clear of unforeseen circumstances. However, the true nature of service contracts appear intricate and unacceptable to normal analysis/evaluation and self-determining scientific approaches. This makes it complicated to offer automated backup for establishing or boosting their value (Kelly, 2010). In this regard, creating a contract is less important and increases unnecessary costs for running any business. There is a need to create methods that allow tools to rationalize about service contracts concerning their value.
Question 2
Feasibility analyzes help to unravel mainly and reasonably the merits and demerits of an up and running business or prospective business project, opportunities and risks existing in the setting. According to Kelly (2010), feasibility analysis helps present a chronological data of a business venture, brief account of the product or service, account statements, data of the activities and managerial aspects. Also, it helps present legal obligations including economic and tax information. Over and above, the efficacy of feasibility analyzes entails measuring the businesss prospective success. In this regard, an objective report gives the potential investors a chance to make correct decisions.
Question 3
The contractor selection process, which results in the awarding of construction contracts, is a significant factor in the building and construction industry. Many legal guidelines require that contractor selection process begin with a public advertisement where all the candidates submit their bids (Savas, 2005). These contracts can be granted via direct selection of informal competitive bidding process or negotiated contracting.
Question 4
The best practice techniques for administering a service contract entails adopting methods that institutions can use in establishing mistakes in the purchasing, managing and administering service contracts (Kelly, 2010). The best practices are actual approaches that institutions can use to boost the procurement process. Above all, best practice techniques entail to specific institutional procedures, standard, budget and time limits.
Question 5
In order to have a service contract objective, the public must be protected. This is because of the probability of acquiring poor quality service, elements of underperformance or failure concerns that can easily put the members of the public in absolute danger (Savas, 2005). Furthermore, the above-mentioned factors can easily jeopardize the government public protection duty. The government or service contract authorizing bodies must ensure that the contracts are awarded to parties that can meet the demands of the public.
Question 6
The information learned is useful to a prospective administrator in the public sector. This is because he or she will understand better that service contract procurement is a significant process that calls for maximum levels of objectivity and non-partisan approaches (Kelly, 2010). A prospective administrator should be aware that the allocation of contracts dictates the public needs and their protections, thus seeing the need to adhere to the right rules and guidelines.
References
Kelly, L. (2010). Service contracting, a local government guide, (2nd ed.). Washington, D.C:
ICMA Press. ISBN 13:978-0-87326-718-2.
Savas, E.S., (2005). Privatization in the city. Washington, DC: CQ Press, 2300 N Street, NW,
Ste. 800, 20037. ISBN 1-56802-957-8. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Service Contracting Essay Example | Topics and Well Written Essays - 500 words - 1”, n.d.)
Service Contracting Essay Example | Topics and Well Written Essays - 500 words - 1. Retrieved from https://studentshare.org/social-science/1698417-service-contracting
(Service Contracting Essay Example | Topics and Well Written Essays - 500 Words - 1)
Service Contracting Essay Example | Topics and Well Written Essays - 500 Words - 1. https://studentshare.org/social-science/1698417-service-contracting.
“Service Contracting Essay Example | Topics and Well Written Essays - 500 Words - 1”, n.d. https://studentshare.org/social-science/1698417-service-contracting.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Service Contracting

Management Contracting

...for the individual sub contractors (Alberta Infrastructure 2001). Asking a firm to mastermind the whole project under some form of management contract best fits this project because the client requires complex designs- they want an innovative and eye catching new property to be a flagship of their enterprise. The client can supplement the expertise of the project management staff and have full control of the design as well as the construction process. This approach is also appropriate because it is the most cost effective because the client involves the management contractor early to assist assure that the design is affordable and constructible. The client also controls the levels of services it buys....
4 Pages(1000 words)Essay

Management Contracting

...& Business. Gerard, R., 2005. Relational contracts—NEC in perspective. Lean Construction Journal, 2, pp.80-86. GMH Planning, 2012. NEC3 Guidance Notes. [Online] Available at: HYPERLINK "http://gmhplanning.co.uk/nec3-guidance-notes/introduction/" http://gmhplanning.co.uk/nec3-guidance-notes/introduction/ [Accessed 12 March 2012]. Gould, N., 2007. NEC3: Early Warning and Compensation Events. Research Report. London: Fenwick Elliot Fenwick Elliot. Murdoch, J. & Hughes, W., 2007. Construction Contracts: Law and management. 4th ed. London: Taylor & Francis E-library. Patterson, R., 2007. NEC3: Introduction to NEC contracts. In NEC Annual Seminar. Wellington, 2007. Quatman, G.W. & Dhar, R.,...
4 Pages(1000 words)Essay

Management Contracting

...contract with the project owner, the firm offers a set of services as required by the client. When the project owner or client gives a valid acceptance to the offer, the contract comes into force. The court has developed some additional terms for the standard term contract in order to protect the interests of both the parties. It would be difficult for the large-scale construction management organisations to maintain separate contracts for every individual. Therefore, a standard form of contract helps the firm to escape from the troublesome difficulties of negotiation and other legal formalities. Similarly, it provides conveniences to...
4 Pages(1000 words)Essay

Commercial contracting

...not require the goods or services, or obtains an opportunity to procure them at a lesser cost. In such instances, the innocent party stands to gain if the contract is terminated. On the other hand, if the innocent party has performed his contractual obligations then termination will not be to its benefit and the court will have to be approached, in order to recover damages for the failure of the other party to perform.41 From the legal perspective, award of damages is the principal remedy for a contractual breach. A few other remedies are also provided by the courts, such as rescission of the contract and orders for specific performance. However, these remedies are infrequent.42 In...
24 Pages(6000 words)Essay

Federal Contracting

... Federal Contracting Federal Contracting Issues Scenario 1 Under the Business Opportunity Development Reform Act of 1988, the government has been able create preferential contracting opportunities for small businesses that include projections of anticipated contract above the simplified acquisition threshold that small businesses, small disadvantaged businesses, women-owned businesses, HUBZone small businesses, and service-disabled veteran-owned small businesses may be able to perform under direct contracts with the government or through subcontracting opportunities (US Department of State, 2011). For any business to be awarded any...
5 Pages(1250 words)Term Paper

Electronic Contracting

...Electronic Contracting: A Look into the Future This essay will address the implications, both positive and negative, of states such as California adopting and implementing legislation allowing for the use of electronic contracting in commercial transactions. The sheer volume of long-term business profits that are forecasted must be balanced against a variety of potential pitfalls. As an initial matter, the amount of commerce which takes place electronically continues to increase at significant levels. The United States Commerce Department “forecasts Internet retailing will exceed $50 billion within the next two years, and business-to-business e-commerce will top $1 trillion” (Electronic...
2 Pages(500 words)Essay

Contracting and procurement methods

...Project Procurement Management Plan E-Mail Upgrade Project April 2009 Contents Sl No Page No 0 Overview ..... 3 2.0 Contract Planning .. 4 3.0 Statement of Work (SOW) 4 3.1 Types of Contract .. 5 3.0 Evaluation Criteria ..... 7 3.1 Weighting Chart & Methodology ..... 7 4.0 Bibliography ....... 8 1.0 Overview The Ohio Department of Human Services (ODHS) needs to upgrade its existing e-mail software. It is proposed that ODHS buy the necessary e-mail upgrade software and implement the project within a period of one year. ODHS currently uses Version 7.0 of an e-mail software called Globalupgrades (a Worldviewupgrades product). The version's support will be phased out in another one year. The current version is 9.0... subject to...
4 Pages(1000 words)Essay

Contracting and Procurement

...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...
3 Pages(750 words)Essay

Government Contracting

...Government Contracting al Affiliation) Government Contracts American taxpayers expect the government to uphold efficiency and effectiveness in its performance activities. As such, the government is expected to engage in actions that add value for the taxpayers. Such commitment towards public service has prompted the President to reduce cost-reimbursement contracts on grounds that they costly compared to full and open competition. The cost-reimbursement contracts require that the Contractor be reimbursed any additional costs incurred while undertaking the contract. For example, the dollars obligated to cost-reimbursement...
1 Pages(250 words)Coursework

Service Contracting

...Service Contracting Service Contracting Service contracting is a process of procuring or acquiring a service through a formal procedure that is bound by a specific agreement between the buying and selling parties. However, service contracting is generally used in cases where the service involved is complex in nature. For example, construction of a bridge is a costly endeavor and requires a company that is particularly skilled in building bridges (Savas. 2005). The complex nature of the required service as well as the expertise of the service provider is a key consideration. As such, governments as well as many corporations are involved in service contracting for complex services. 2. Feasibility study is essential in evaluating... the...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Service Contracting for FREE!

Contact Us