Review introduction to contracts A contract is a promise that the law will enforce. Contracts are intended to make business matters more predictable. Analyzing a contract generally involves inquiring into some or all of these issues: 1. What is the subject of the agreement? • If the contract is for the sale of goods, UCC Article 2 governs. • If the contract is for services, employment, or real estate, the common law governs. 2. Did the parties intend to contract? • If the parties formally
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Practices 3.6 Contracts with Government Employees or Organizations Owned or Controlled by Them 3.7 Voiding and Rescinding Contracts 3.8 Limitations on the Payment of Funds to Influence Federal Transactions 3.9 Whistleblower Protections for Contractor Employees 3.10 Contractor Code of Business Ethics and Conduct 3.11 Preventing Personal Conflicts of Interest for Contractor Employees Performing Acquisition Functions PART 4—ADMINISTRATIVE MATTERS 4.1 Contract Execution 4.2 Contract Distribution
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All the below are tools and techniques of control procurement, except (Points : 5) claims administration, payment systems, and procurement SOW. performance reviews, record management systems, and change control systems. change control systems, payment systems, and inspections and audits. records management systems, claims administration, and performance reporting. (TCO B) Proper selection criteria are critical for a successful project. All of the below would be considered good selection criteria
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Supplier selection is the process by which firms identify, evaluate, and contract with suppliers. The supplier selection process deploys a tremendous amount of a firm’s financial resources. In return, firms expect significant benefits from contracting with suppliers offering high value. This article describes the typical steps of supplier selection processes: identifying suppliers, soliciting information from suppliers, setting contract terms, negotiating with suppliers, and evaluating suppliers. It highlights
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problem? What really is the problem? At first glance, the problem appears to be that the Avion's supplier, Foster Technologies did not meet all the requirements required by the contract. It looked that the supplier was not able to produce what they say they could. That seemed to be reason of the deteriorating performance in the material quality and in the on time delivery areas. It also looked that
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PART II - CONTRACTS -meeting of minds bet 2 parties whereby one binds himself with respect to other to give something or render some service PRINCIPAL CHARACTERISTICS: 1. Autonomy of wills – parties may stipulate anything as long as not illegal, immoral, etc. 2. Mutuality – performance or validity binds both parties; not left to will of one of parties 3. Obligatory Force – parties are bound from perfection of contract: a. fulfill what has been expressly stipulated b.
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team of 11 sales persons and 3 sales assistants * Decent mix of experience and enthusiasm in sales team * Stable revenue through established clients * Inherited underperforming division What is your evaluation of Wu's performance? * Wu’s performance is ambiguous since although he landed one large client and generated revenues of 400,000 he generated further revenues though add-ons that the client perhaps didn’t need * Wu’s work ethic was questionable, there are numerous instances
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operational contract support; Theater Support, Systems Support and External Support Contracts. First, are theater support contracts which support the area of operations and according to ATTP, “serving under the direct contracting authority of the designated Head of Contracting Activity for that particular contingency operation.” An example of a theater support contract would be services such as trash collection, laundry and food services. Next, are system support contracts. “These contracts provide
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| |Fall 2013 | | |[pic] | | | | | | | INSE 6290 Quality in Supply Chain Design DISTRIBUTED COORDINATION IN SUPPLY CHAIN MANAGEMENT CONCORDIA UNIVERSITY
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Notes for November 7, 2014 Bus Law Review on Sunday 1 pm Practice test and study guides √ out When performance is impossible * Objective impossibility -key person is incapacitated -subject matter is destroyed -change in law makes it illegal * Commercial impracticability Ex. Farmer, crop is destroyed, cant make delivery, so the court rules is that your perfom is discharge. * Frustration of purpose Ex. Hire you to teach marial arts.. I have an accident.. my first lesson
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