Likewise, bid packages are documents that need to be as lucid and frank as possible. "Bid packages can be used in a number of industries, including business, it systems and telecommunications. But the most common industry where bid packages are used is construction. Basically, a bid package is a portfolio of all the documents needed to take part in an invitation bid. Those who will be bidding on the project can look at the bid package and determine if they fit the criteria. Bidders will need to meet the skills and qualifications listed, be able to complete the project on time and stay within the specified budget" (Tiffany, 2012). Such documentation can help all stakeholders in a given project have a clear understanding of what is requested, required and needed. All these facts are specified within the given context of the project scope and the timeline engaged.
In the simplest terms a contract is an agreement between two or more parties. Within this contract, all the parties involved agree to do or not do something (Steinberger, 2007). A contract is considered valid if it is enforceable (Steinberger, 2007).
There are a variety of ways to terminate a contract and motivating forces that would cause one to do so. For example, a project manager might terminate a contract if the parties reneged on their agreement or the project had veered off focus. A project manager can terminate a contract via displacement, collapse, absorption, integration or deterioration (Thomson, 2004).
Finally, the difference between mediation and arbitration is important to know, even though they're often used interchangeably in common speech. However, they are similar in that they're both ways to avoid litigation (Murray, 2009). Mediation is a way to clear up misunderstandings (Murray, 2009). "In a dispute, a third party, known as a 'mediator,' is brought in to assist...
Venue of the Festival Park is almost rectangular in plan with a side of 1000 meters by 750 meters and is familiarize with the long sides lying GCC SSE. In what direction is to follows N. To S. For convenience. It is situated at grid reference TQ390772. Park stretches along the slope and at two levels. At the lowest level (closest to the museum, the Queen's House, and behind them, the
Charter, Scope Management, Project Planning (Project Management) PROJECT CHARTER Sponsor: Government Agency Goal Definition and Performance Indicators in Soft Projects: Building a Competitive Intelligence System Problem/Opportunity Statement The rivalry between the different divisions in the tourism organization is very high, which calls for coordination. Nevertheless, this coordination would consume substantial portion of the organization's resources. The concept to utilize was felt, owing to the above challenges, and the organization to produce quality information, and the
Project Management The baggage handling system (BHS) project is in motion. Initially, our company Boeing Airport Equipment Automated Systems, Inc. (BAE) stipulated that no change requests should be accepted. However, it is proving impossible to ignore the influx of change requests from major stakeholders, namely the airlines. As project manager, I have determined that our policy regarding change requests should itself be changed, from a public relations standpoint. We cannot risk further
Project Management Plan of a New Restaurant This project management plan is majorly concerned primarily with the first two steps which are defining the project; the project objective is broken down into a series of manageable steps called tasks and designing the project process; this work is performed by the project manager and is presented in the GANTT chart where the tasks are displayed in more detail (Hamilton, 2004). Besides, for
Project Management in a Legal Context Project management is increasingly becoming a popular and preferred way of contending with inter-organizational ventures that are out of the ordinary. When the functions of a project require the involvement of specialized personnel and skill sets which may not be readily represented from within the company to the fullest extent demanded, it may be appropriate to organize a project team. This might be comprised of
Project Management February J. 2014 A project is a temporary group of activity designed to produce unique products and services or results. Typically, a project has a defined beginning and end and therefore having defined scope and resources. (Pierre, 2012). A project also has a specific set of operations to accomplish a singular goal. Examples of projects are as follows: Development of software to improve business process, Construction of bridge or building, Expansion of sales
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