Unit 11 Flashcards
1
Q
2 Types of contracts
A
Standard (industry) - JCT or NEC
Bespoke - needing lawyers
2
Q
a contract is…
A
Document which dictates how you behave - responsibilities, escalation, processes, milestones, testing, conflict resolution, payments, change requests, intellectual property, risk assignment, etc
3
Q
Procurement reimbursement types
A
Fixed price
Cost plus (fee)
per unit
Target cost
4
Q
Supplier selection process
A
Research Pre-qualify - questionnaire - size, maturity, financial stability, etc Tender - fair and objective Award Manage Close
5
Q
Make or buy
A
can you make it in house - time, skills, resources?
more control over time/cost/quality in-house
lower risk if off the shelf (guarantee/warranty)
Old technology OFS?
