Contracting and Procurement in Project Management College Essay

Contracting and Procurement in Project Management College - Essay Example However, it is also important to understand that the terms of each contract mostly vary from project to project depending upon the requirements of the each project. These terms largely depend upon the preference for quality, economy, flexibility as well as speed with which agreed terms and conditions of the contract can be delivered. Under these contracts, the allowable costs associated with the contract are identified first as these costs would be major costs to make buying and selling on the agreed terms of the contract. All the costs incurred therefore by the sellers are reimbursed by the buyer in the end according to the agreed terms of the contract. This type of contract can be highly risky for the buyer because the total costs associated with the contract always remain uncertain despite they are being identified. Any cost over-runs has to be borne by the buyer if contract terms go awry and does not remain within the control of either the buyer or the seller. However, on the positive side, scope changes in such kind of contracts are easy to make and buyer can do it anytime he wants however, this may increase the total cost of the contract. As discussed above that the cost reimbursable contracts are highly uncertain therefore contractors have very little ambitions or advantage to produce efficiently and productively. However, such kind of contracts helps contractors or sellers to pass on the increasing costs to the buyer. Such types of contracts are used when there is a greater uncertainty associated with the project and are used for projects which involve large investments being made in early part of its life. There are also sub-types of cost reimbursable contracts. These are: 1) Cost plus Fee are contracts where contractors are not only reimbursed of their total cost incurred but also a certain percentage of the overall cost of the contract. The percentages are decided before entering into the contract and are mostly documented in the contract. 2) Cost plus fixed fee are contract where the whole cost is charged back along with certain agreed fixed fee as the contract completion fee. This fixed fee is often considered as the profit of the seller. (contractmanagement.com, 2007). 3) Cost plus incentive is a type of contract where the buyer not only reimburse the total cost to the seller but also provide a certain amount as an incentive fee for exceeding the performance against the agreed contract terms. Such kind of terms may ensure better performance on the part of the seller as it provide them an added incentive to perform and execute the contract in most efficient way. This type f contract can beneficial to both the buyer and the seller if well written and can be a good alternative to the cost reimbursable contract. Fixed Price Contracts Such types of contracts fix a certain specific fee for the goods and services to be rendered before entering

Religion :: essays research papers

RESPONSIBILITY: By completing the reading assignments in a timely manner, you can have comments and questions ready for class in order to receive credit for class participation and to review for exams. Come to class prepared to make at least one comment. If occasionally you find the materials hard to understand or slow to read, let me know at the beginning of class so that we can discuss the style and the structure of the works for a clearer grasp of the writers’ ideas. Have questions ready to ask on those days so that we do not become frustrated by my trying to generate discussion about materials that have left you puzzled for whatever reason. All that I require proves a genuine attempt on your part to complete each assignment; such preparation will prevent the course from becoming a total lecture class. An excellent strategy to assist you in class participation and in studying for exams involves your making margin notes in your texts and on the study guides. Mark favorite or important passages; keep a summary of the plot and the characters at the top of each page. Jot down your questions and/or mark puzzling passages. Although Humanities does not require composition as a prerequisite, still as college students, you should have sufficient writing skills to express your ideas clearly and correctly. While I do not deduct for writing skills errors, frequent grammatical, spelling, usage, and/or punctuation errors can hurt your scores by interfering with the meaning of your sentences. I cannot credit you with what you do not say. Use spell check, grammar check, and your own proofreading skills to make sure you submit what you really mean. As a courtesy to any reader, you should always proofread your handwritten and your keyboarded work. INTRODUCTION TO THE HUMANITIES—FALL 2005 LEWIS—3 INCLEMENT WEATHER: Tune in to the area radio and/or television stations for updates about school closings. But, in any case, use your judgment of the roads you must travel. Just call or email me so that I know you are in a safe place. Try www.iowaroadconditions.com for road conditions. CLASSROOM CONDUCT: Each student has the obligation to use class time for learning. If a student’s conduct interferes with the education of others in class, that student could receive a request to leave class, with other consequences as well. LIBRARY ACCESS: Your WITCC library barcode and your current registration slip will allow you access to the Sioux City Public Library, the Morningside College

Lab Report: The Conservation of Mass and Energy Essay

Introduction You will be exploring three scenarios and conducting observations on the physical and chemical changes in matter. You will also investigate the input and output of energy during physical and chemical changes. Objective To demonstrate the differences between physical and chemical changes while observing the laws of conservation of matter and energy. Problem How can matter and energy be described in a variety of systems? Materials Although you will not use any materials in this video lab observation, note the materials and safety precautions used to complete the demonstrations. Procedures Note: Read all the instructions for this lab before you begin working! Pre-reading the procedures will give you a mental picture of what you will be doing and a better understanding of the process. Three demonstrations will be presented. You must observe and analyze these as part of the lab. The titles of the demonstrations are as follows: â€Å"The Iced Tea Debate† â€Å"The Salty Soup† â€Å"The Fire Bug† Use the DATA chart provided for recording observations based on the three demonstrations you will watch. Watch each part of the experimental demonstration and make predictions about what will happen in each scenario. Record your predictions and observations in the DATA AND OBSERVATIONS section of your laboratory report form. Data and Observations Take time to record your predictions about each scenario when prompted. Then, record your detailed observations and draw some brief conclusions in the table below. Data Chart Scientific Method The Iced Tea Debate The Salty Soup The Fire Bug Predictions—What do you think will happen? Observations—What did you see happening in each demonstration? Conclusion—What was demonstrated here? Analysis Use your data table above to identify the physical and chemical changes observed in the demonstrations as follows: Complete Data Chart above filling in Scientific Methods for each demonstration. Use the drop-down menu options to record any physical and/or chemical changes observed. Once you completed the data chart, complete pre-made paragraphs below by writing an analysis that includes details on how the Law of Conservation of Matter and the Law of Conservation of Energy are supported by the experimental demonstrations. Use the following reflection questions to guide you in writing the analysis: Was matter or energy lost or destroyed in any of the scenarios? Did your predictions match the second portion of the demonstrations? What phase changes did you observe? What kinds of energy were input and output in each of the scenarios? Paragraph 1 – How the Law of Conservation of Matter is supported by the experimental demonstrations:       Paragraph 2 – How the Law of Conservation of Energy is supported by the experimental demonstrations:       Fourth Scenario Describe a fourth scenario in which either the â€Å"Law of Conservation of Matter† or the â€Å"Law of Conservation of Energy† could be observed. Using as many sentences as needed, describe how an experiment could be set up to further explore your recorded observation. The goal is to show understanding of the concepts in the lesson.

Names of Professions and Jobs for English Learners

All English learners, no matter their age or background, should be familiar with the names for common jobs and professions. Knowing these will help you better communicate in a variety of situations, whether you are traveling, shopping, or simply having a conversation with a new friend. Examples of jobs and professions—and how to use each one in a sentence—appear below. Arts Design Professionals who work in the field of arts and design include architects, who design homes and other buildings; actors, who appear on stage, on TV, and in movies; and writers, who produce poetry, articles, and books. Examples of these professions appear in the following sentences: Actor - Famous actors make millions of dollars from their films.Architect - The architect drew up the blueprints for the building.Designer - Our designer will completely redo your store with a new look.  Editor - The editor of a newspaper must decide which articles to print.Musician - Its difficult to make a living as a musician playing an instrument.Painter - The painter creates beautiful pictures with his brush.Photographer - A photographer does their best to capture a special instant in time on film.Writer - The writer wrote a fantastic book about zombies. Business Business is a huge field that includes a diverse range of jobs, from accountants, who keep track of money, to managers, who direct business operations and employees. Positions range from entry-level clerks to highly experienced company directors. Examples of these jobs appear in the following sentences: Accountant -  Accountants  keep track of how money is earned and spent.Clerk - Talk to the clerk about depositing a check.Company director - Our company director issued the yearly report.Manager - A manager takes care of the business arrangements for famous, and not so famous, artists and musicians.Salesperson - Salespersons are always nice, and theyre happy to help you with something youd like to buy. Education Research One of the most common education careers is teacher, someone who instructs students in a variety of different fields, from science to the arts. Other education careers are more research-driven. Economists, for example, study the economy, while scientists investigate a range of different topics.  Examples of these jobs appear in the following sentences: Economist - An economist studies how different economic systems function.Scientist - The scientist might work for years before coming up with the results of an experiment.Teacher - While often underpaid and overworked, teachers educate children that will one day be our future. Food One of the largest job fields is the food industry, which encompasses all the jobs involved in the production, preparation, and sale of food, from the farmers who plant and harvest vegetables to the wait staff who end up serving those vegetables in restaurants.  Examples of food-related jobs appear in the following sentences: Baker - I bought three loaves from the local baker.Butcher - Could you go to the butcher and get a few steaks?Chef - The chef prepared a marvelous four-course meal.Cook - The cook was responsible for simple meals such as hamburgers and bacon and eggs. Cooks are members of the  foodservice industry.Farmer - The farmer sold his vegetables at the local farmers market on Saturdays.Fisherman - The fishermen in this area have seen commercial salmon fishing decline over the years.Waitperson - Ask the waitperson for the menu, Im starving! Healthcare Healthcare is one of the most important industries and includes life-savers such as doctors and surgeons. It also includes nurses and caretakers, who are responsible for monitoring and assisting individuals with health conditions.  Examples of healthcare jobs appear in the following sentences: Caretaker - Its important that a caretaker be very empathetic with a family that has lost a loved one.Dentist - The dentist explained the root canal procedure to the patient at his  dental appointment.Doctor - Do you think I should see a doctor for this cold?Nurse - Nurses make sure patients needs are taken care of in hospitals.Optician - The optician checks your eyesight to see if you need glasses.Surgeon - Surgeons dont have any problem cutting someone open. Its their job!