Alternative - Assignment 3

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Identify the type of contractual clauses in the following scenarios. Q.3.1 Tshepo pays for his sister’s university fees, however if she fails any modules he will no longer pay for her fees.  Q.3.2 Anisha allows Alex to use her car for a period of two months, after which he must return it to her.  Q.3.3 If Thulani passes all of his modules this semester, his brother will pay for his university fees from next semester.

Under what circumstances would a construction change directive (CCD) be used? When the owner selects one of the alternates included in the initial bid When the designer assumes control of the means and methods used for construction When the source of the change is differing site conditions When a change is minor and has no impact on cost or schedule When the owner wants the contractor to perform a change but cost has not yet been determined

Ross Enterprises has a contract with Big Steel Company Limited in respect of Information Technology (IT) Services. The contract was signed on January 1st 2020 and will be effected on the 1st April 2020.   In mid-February 2020 Big Steel’s sales plummeted due to the Covid 19 pandemic. In addition, an already high long term debt, and operating cost, as well as Big Steel’s current negative cash flows situation placed the company in serious financial peril. Indeed if they cannot find a resolution soon to deal with their cash flow problems and debt, they will have to close operations permanently and send all employees home.   Upon hearing this pronouncement, the Trade Union representing workers at Big Steel advised management that they will take strike action. This further affected the operations of Big Steel and resulted in a loss of production, sales and the much-needed cash flows, which is critical to pay off their debt and meet current fixed operating cost.  On 3rd March 2016, Big Steel…

Scenario:  The buyer and seller are engaging in an FPIF (Fixed-Price Incentive Fee) contract and agree on the following parameters: Target Cost:  $380,000 Actual Cost:  $395,000 Sharing Ratio:  Buyer 70%/30% Seller Target Profit (AKA Target Fee):  $20,000 Price Ceiling (AKA Point of Total Assumption):  $410, 000 Please fill in the blanks below with the appropriate values. Target Cost: ---------------------------------- Actual Cost: ------------------------------------- Variance (over/under): -------------------------------- Seller sharing ratio: ------------------------------------- Overrun/Underrun:---------------------------------------------- Target Profit: -------------------------------------------------------- Profit:------------------------------------------------------------- Actual Cost: ------------------------------------------------------- Price: --------------------------------------------------------------- Price Ceiling:…

Subject: Procurement & sourcing Q): Under which H.S Code Cherat Packaging Ltd. clear their raw material of Granules & Kraft paper? Q): What is the total procurement expenses of 2022 & 2021 of Cherat packaging?

2. The contract has many uses, including in construction and insurance. A contract comes with a variety of clauses, responsibilities and tasks that must be performed for the contract to be satisfied. Study this case: Your friend Iskandar is the owner of construction company located in Sapphire City, which had signed a contract on Jan. 2021 with Emory College to build a management office, 2 heavy duty laboratories, a lecturer academic block, 2 hostels for female and male student, a common room, and cafeteria, a sport complex, and a library. The project was to be executed in 3 years of Jan. 2021. The entire cost for construction was RM 14.5 millions. Iskandar received an advanced of RM 6.0 millions in the commencement of the work, and the agreement provided that the balance of the amount was to be paid on the execution work. However, by those time of two years and 4 months of the buildings under the project have been constructed, except blocks of hostel, a library, an cafeteria, and…

Which of the following is a VOID contract?   Question 5 options:   A)  A contract by a 17 year old to purchase a computer.   B)  A contract by a repair shop to repair a car.   C)  A contract by an 18 year old to purchase a motorcycle.   D)  A contract by a 22 year old college student for the purchase of a vacation for a week when school is not in session.   E)  None of the selections is a void contract.

A and B signed a contract according to which A will develop a system for B. The contract states the details of the system to be developed, the acceptance criteria, and the delivery schedule. It does, however, not state the amount to be paid by B. (a) Is the contract valid or not, and (b) why?

What are the advantages from the contractor’s standpoint of subcontracting portions of a construction contract? Illustrate a typical case.

Please help solve

Determine the amount to be paid in full settlement of each of the following invoices, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period: Merchandise Freight Paid by Seller Customer Returns and Allowances a. $13,900 FOB destination, n/30 $700 b. 11,000 $400 FOB shipping point, 1/10, n/30 1,300 c. 8,500 FOB shipping point, 2/10, n/30 800 d. 2,800 100 FOB shipping point, 1/10, n/30 400 e. 3,700 - FOB destination, 2/10, n/30 -

Alicia Wong Alicia Wong, Corporate Supply Manager, Thain Foods Limited, wanted to prepare a proposal to manufacture mustard in-house. Mustard, an important ingredient in many of the company’s products, was currently purchased from an outside supplier. She hoped a comprehensive proposal could be prepared in one-month’s time for the CEO’s approval Thain Foods Limited (TFL) had been in business for morethan 30 years. Its products included a wide range of syrupsfudges, cone dips, sauces, mayonnaise, and salad dressings. Its customers were major food chains, hotels, and restaurants in North America and Europe. TFL believed in continuous improvement to its operations. Over the last two years, it invested more than $2 million in plant facilities, the bulk of it new, state-ofthe-art process equipment and process control. All production and process control functions were computerized for maximum efficiency. TFL employed about 120 people. It had a corporate structure of CEO; president; executive…

Alicia Wong Alicia Wong, Corporate Supply Manager, Thain Foods Limited, wanted to prepare a proposal to manufacture mustard in-house. Mustard, an important ingredient in many of the company’s products, was currently purchased from an outside supplier. She hoped a comprehensive proposal could be prepared in one-month’s time for the CEO’s approval Thain Foods Limited (TFL) had been in business for morethan 30 years. Its products included a wide range of syrupsfudges, cone dips, sauces, mayonnaise, and salad dressings. Its customers were major food chains, hotels, and restaurants in North America and Europe. TFL believed in continuous improvement to its operations. Over the last two years, it invested more than $2 million in plant facilities, the bulk of it new, state-ofthe-art process equipment and process control. All production and process control functions were computerized for maximum efficiency. TFL employed about 120 people. It had a corporate structure of CEO; president; executive…

Case Problem Specialty ToysSpecialty Toys, Inc., sells a variety of new and innovative children’s toys and believes that the preholiday season is the best time to introduce a new toy. Many families use this time to look for new ideas for December holiday gifts. When Specialty has a new toy with good market potential, it chooses an October market entry date. In order to get toys in its stores by October, Specialty places one-time orders with its manufacturers in June or July of each year. Demand for children’s toys can be highly volatile. If a new toy catches on, a sense of shortage in the marketplace often increases the demand to very high levels and large profits can be realized. On the other hand, new toys can also flop, leaving Specialty stuck with high levels of inventory that must be sold at reduced prices. The most important question the company faces is deciding how many units of a new toy should be purchased to meet expected sales demand. If too few are purchased, sales will be…

Pls help ASAP for both

Multiple choice

19) The NRC (National Research Council) of Canada is sending out a request for proposal for a very large long-term research and development project. What contract type are they most likely to use? a) fixed price b) cost reimbursable c) time and materials d) unit price 20) Payments to the seller are made in accordance with the: a) project management plan b) procurement management plan c) communications management plan d) terms of the contract

The following bids have been received for the supply of motor bikes and you have already evaluated the technical and all three were responsive. You are now evaluating the commercial. Your preferred delivery period is 6 weeks after contract signature. S/N BIDDER A BIDDER B BIDDER C 1. K900 000.00 K1 200 000.00 K750 000.00 COMMENTS • Bidder A quoted second highest. Their terms of payment were full payment after delivery. Their delivery period was 5 weeks after contract signature. Bidder B quoted highest. Their terms of payment were, after delivery of the motor bikes. Their delivery period was 6 weeks upon placement of purchase order. Bidder C quoted lowest. Their terms of payment were after delivery. Their delivery period was 6 weeks. The motor bikes were ex-stock. However, they went on to say that should the order be placed when the goods have sold out, the delivery period was likely to change. REQUIRED: Which supplier will be the best evaluated bidder and why?

Understanding the requirements documents helps the Contracting Officer ensure the solicitation and subsequent award documents are consistent. Inputting information into the solicitation in the correct locations aids in eliminating misinterpretation by industry. Explain what information to include in the solicitation and from what requirements documents the information may be obtained.

part c

Construction company X from Europe have agreed with Investor Y from the United Arab Emirates to work on their new project. Investor Y from the UAE is a governmental institution. Company X has great experience in Europe, and this is their first project in the Middle East. A construction project with a contract sum of 210 million AED is initiated by investor. The contract type was the design and build contract form, and it is firm-fixed price contract. All the payments will be done in local currency, dirhams. The project adopted direct negotiation as the tendering procurement method. The contractual price is very similar to real costs from similar projects that the company C implemented in Europe. The date of site possession will be on May 1, 2021, and the completion date of the project is estimated to be October 27, 2023. Although project scope is wide, company believes that they will be on time by analyzing duration of similar projects with less scope from Europe. Project management…

Following the establishment of new districts in various parts of the country, the Ministry of Housing and Infrastructure Development proposes to construct, as a matter of urgency, administrative offices in Nkeyema in Western Province and Nsama in Northen Province. It is estimated that each of the district administrative offices and associated services will cost K14, 600,000.00 with an estimated completion period for each of 18 months.As the Head Procurement for the Ministry, you have been requested to make a presentation to Management on the project, 1. Considering the location of the project sites, it is proposed that a consulting firm(s) be procured to supervise the construction of the offices which the Ministry has designed. Explain the procedure you will follow to procure the consulting firm (s) and give justification for your proposed selection method and procurement method.

Q5a Please provide detail write up for the following business law question When performing a contract of sale of goods, it is possible that the seller may havedelivered the wrong quantity of goods. What are the implications of this delivery? Discuss.

XYZ Construction Company is contracted by ABC Corporation to build a large industrial facility. The parties agree to a Cost Plus a Percentage of Costs Fee Contract, where XYZ Construction will be reimbursed for the actual costs incurred during construction, plus a percentage as their fee. The contract does not include a maximum price or a guaranteed maximum price clause. As the construction progresses, XYZ Construction faces various challenges, including unforeseen delays, design changes, and supply chain disruptions. These issues lead to significant cost overruns, with the project's expenses far exceeding the initial estimates. The lack of a fixed price creates concerns for ABC Corporation, as the total cost keeps escalating. In this scenario, why does the Cost Plus a Percentage of Costs Fee Contract become unsuitable for ABC Corporation? What are the potential risks and drawbacks associated with this contract type in the context of cost overruns? How could ABC Corporation have better…

Which contracting party generally carries the risk for differing site conditions if no clause in the contract addresses differing site conditions? Surety Owner Insurance company Contractor Engineer

Please describe the major clauses for aircraft lease agreement.