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Legal Aspects of Procurement Management for a Successful Project/Government Procurement

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Submitted By freedomtam41
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Legal Aspects of Procurement Management for a

Successful Project

Class: PROC 5890-Government Procurement Law Date: July 16, 2014 Instructor:

The purpose of this paper is to focus on the legal aspects of procurement management and how procurement management plays a significant role in the success and management of a project. The topics that will be covered include the following: basics of common contract laws, cases involving procurement management decision, Federal Acquisition Regulation (FAR) regarding procurement management, Uniform Commercial Code (UCC) regarding procurement management, Statement of work (SOW), and project manager duties regarding procurement management. In order to discuss procurement management we need to first define what procurement management means in our society today. Procurement is the act of obtaining or buying goods and services. “The process includes preparation and processing of a demand as well as the end receipt and approval of payment. It often involves: (1) purchase planning, (2) standards determination, (3) specifications development, (4) supplier research and selection, (5) value analysis, (6) financing, (7) price negotiation, (8) making the purchase, (9) supply contract administration, (10) inventory control and stores, and (11) disposal and other related functions. The process of procurement is often part of a company’s strategy because the ability to purchase certain materials will determine if

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