Contract Administration

A contract is an official agreement between two parties. There are different types of contract, such as sale and purchase of a business agreement, partnership agreements, lease of business premises, lease of plant and equipment and employment agreements. The format can vary too. It can be face to face, written, or distance selling. The specifications of a contract involve offer and acceptance, the intention to create legal relations, lawful considerations, capacity and legal formalities such as terms and conditions.

Additionally, it is clarified that contracts falling within the scope of the Act shall contain certain provisions allowing the contracting officer to terminate, by written notice, the contractor’s right to proceed with the work should it be found that the wages being paid by the contractor are less than the prevailing wage. Should termination be necessary, the contractor can be held liable for any excess costs incurred by the Government to gain a new contract or otherwise have the work

ii) When dealing with customers, Eden Sounds prefer to use a “Standard form contract”. Explain what a ‘standard form contract’ is, and list the advantages to both parties in using them.

George Shepard: Mr. Shepard is listed as the Contract Administrator for Contract ID # JA-FSA-OD-002-15. During an interview with Mr. Shepard, he identified himself as a Policy Analyst for DHS FSA. He also serves as a Contract Administrator who supports the various FSA programs. As a Contract Administrator he is responsible for creating purchase orders for grants, among other tasks.

Give an example of each of the two types of contracts. Explain which type of contract is used in your organization. (If you are not currently employed you can give a hypothetical example or an example from your experience).

The FAR consists of 53 parts and 2 volumes. Volume 1 is comprised of parts 1 through 51 and subchapters A through G. Volume 2 consists solely of subchapter H and houses the largest section of the FAR, Part 52. Part 52, Solicitation Provisions and Contract Clauses, explains the use of provision and clauses in solicitations and contracts, outlines solicitation

The terms (legal parts) of the contract can be in a variety of forms, including:

These contracts are commonly used where a buyer wants to purchase a home, or building

Overall in the briefing sheet I have made sure that all evidence is provided, also that a clear explanation is made of how a contract protects the consumer and what happens if that contract is breached. Mainly information is suggested on the different conditions made by the sales of goods act such as title, description, fitness for purpose and also satisfactory quality. Factors that invalidate contracts:

The assignment will provide detailed information using case laws and a report around the main elements of a contract. These case laws will include:

Two basic types of competitively bid construction contracts are lump-sum and the unit-price contract. The lump-sum contract is when the contractor agrees to complete all work for a pre-determined price including profit and the contract. The unit-price contract is when the contractor quotes work on units separately instead of entire project. Price is based on units of work performed, and cost varies depending on the quantities of units. Building the piers to support a large suspension bridge will

This essay will examine how to best prepare a contract administration plan. The contract administration plan will examine different methods used in preparing a plan. This essay will explain how important it is to have technical and other support of personnel, the importance of surveillance, and to determine what functions need to be delegated, identify qualified personnel as well as authorized, it is necessary for the Contracting officer to be represented in administering contract requirements. Also there will be a discussion on what is determined

Under the IAS 11 a construction contract is a legal binding agreement between two parties on the details and the cost of the construction project. The two types of clients that use construction contracts includes the residential and commercial clients, each client has different requirements that determines the structure of the contract. Also under the IAS 17 a lease is a contract by which one party portray the property, services, to another for a specified time with this they will have in return for a series of payments that are paid as rent. We account for them so that there is transparent in how the ownerships and total payments are ascertained for the designated period of time. Between the acquirer and the lessor of a certain property.

Introduction: In this assignment I will go over a few legal terms in relation to contract law. I will also talk about a few precedents that help explain the law.

Each time a person travels on a bus, train or an airplane, buys a washing machine, computers, etc., or deposits good in a railway locker or even going to a concert, he will receive a standard form contract. There are two kinds of standard form contracts which is business transactions and consumer transactions