Contract Practice L2 Flashcards
Contract practice L2
How have you produced contract documentation?
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How have you carried out contractual mechanisms and procedures relevant to the financial management aspects of your project such as change procedures valuations loss and expense and final accounts?
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How have you advised on general contractual provisions such as letters of intent insurances retention bonds liquidated damages early possession practical completion and other common contractual mechanisms?
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Explain how you have selected a suitable contract based on the procurement route.
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Explain how you have dealt with post contract cost control.
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How have you managed change on a project?
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How have you produced a cashflow for a project?
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How have you implemented risk management?
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How have you reported change to the risk register in cost reports?
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Explain your use of a bespoke form of contract. Why was this used?
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NX Contract Practice You said that you achieved a resolution amicably leveraging long-term relationships among all parties avoiding litigation. Can you tell me how the payment mechanism you applied achieves this?
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NC Contract Practice How would deal with a matter of you had to pay less than the application for payment?
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Trafford Contract Practice How did you incorporate the liquidated damages clause into the Contract?
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Trafford Contract Practice How did you work out what amount should be applied?
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