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Project Management- Commercial & Procurement-Risk In conditions Of contract Or purchase (Example)

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A) Definition of contract cycle time Contract cycle time refers to the time in which the economic activity of the business is discussed within the parties in action as they invent a fixed contract. The contract can be indefinite or just applicable to limited to certain number of years. The contract cannot be broken without an agreement between the parties involved unless there is a provision predefined in the contract (Shaik 2014 p. 318). Below is a brief description of the steps involved the contract cycle. Negotiation: Contract cycle commence with the negotiation of the business terms. This stage encompasses inclusion of the prices for the services or goods which are likely to be provided to the potential clients. The negotiations take into consideration the need to maximize profit by the vendor while the client strives to maximize their savings ("1117 contract award negotiation [n]" 184.) This cycle stage ensures Management and Engineering 137 (4). Pp. 248-258. ISSN 1943-7862 Ledwith  A. & O'Callaghan  S. (n.d.). NPD project schedules-great works of fiction. IEEE International Engineering Management Conference. Lou G. X. et al. "Cost-Reducing Innovation Collaboration in Supply Chain Management.” 2007 International Conference on Wireless Communications Networking and Mobile Computing  2007. Mazouz B. Facal J. & Viola J.-M. (June 2008). Public-Private Partnership: Elements for a Project-Based Management Typology. Project Management Journal 98-110 Meek Julie A. "Win-Win Negotiation.” Clinical Nurse Specialist vol. 29 no. 3  2015 pp. 145-146. Salemi J. and M. Rogers. "Linking EDI to MRPII to reduce cycle time.” Proceedings of ELECTRO '94 Seo Young-jin. "A Study on Teaching and Learning Methods of ‘Negotiation’ as Conversation Pattern -focused on the basic elements of win-win negotiation-.” Korean language education research vol. null no. 38  2010 pp. 203-232. Risk Management Organization. (2012). Risk Management in Electronic Banking 43-55. Shaik  K. (2014). OTC Cleared Contract Life Cycle. Managing Derivatives Contracts 311-320. [...]

Order Description:

1. The questions that form the assignment relate to commercial risk and relationships. The related work required of students prior to the final assignment report submission and draws on many aspects of the module scope and students work experiences. 2. Focus on EPC construction/ chilled water plant 3. Please read the attached questions and side note. 4. Citation with journal papers is required for this coursework. 5. You must provide a full bibliographic reference for all of the sources cited in your submission at the end of your coursework (not just the url/weblink) using the Harvard referencing system. 6. 1st draft submission dated on 9 Nov 7. Final Submission dated on 14 Nov

Subject Area: Project Management

Document Type: Paraphrasing

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $55

Words 1925

Pages 7

Completed in 4 days

Expert researchergrace

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