Explanation of various types of fixed price

Fixed toll contracts have a preset price that the vendor must adhere to in execute the work and in providing materials. There are different types of fixed price contracts. Explain them. Explanation of various types of fixed price contracts 2. Direct contracting is another(prenominal) procurement method that is used under a limited act of exceptional circumstances. Explain the conditions for adopting check contracting, requirements and steps for direct contracting Conditions for adopting direct contracting Requirements for direct contracting and Steps for direct contracting 3.Write short notes on Cost Plus Fee Contracts. Explanation of Cost Plus Fee Contracts Features Conditions for adopting Advantages and disadvantages 4. The methods of selecting a consultant are designed to achieve the objectives of quality, efficiency, fairness and transparency in the selection process and to encourage competition. Discuss all 2 methods of selecting consultants. Explanation of any 2 of the met hods With Where it is appropriate Type of assignments for which this method of selection is adopted 5.The contract display process commences right at the beginning stage of bid history preparation inviting contractors to bid, and proceeds through the contract negotiation, contractor selection, monitoring and authoritative of the contractors work and terminating the contract. Explain the areas that need attention for effective control of the contracts in a project Core competence of the project manager Requirements of the working placement Use of Work Breakdown Structure Recognizing the limitations with flexibility 6. Explain the need of procurance law and what are its objectives? Explain the need of Procurement law List the Objectives