Contract management
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A PRAPOSAL WHEN ACCEPTED BECOMES A PROMISE A PROMISE ( OR A SET OF PROMISES) WITH CONSIDERATION IS AN AGREEMENT AN AGREEMENT ENFORCEABLE BY A LAW IS A CONTRACT
Contract management
- 1. QUANTITY SURVEYING AND CONTRACT MANAGEMENT LECTURE BY: AKSHATHA B AB E, M.TECH, MISTE. ASSISTANT PROFESSOR DEPT. OF CIVIL ENGINEERING 1 Module 5: Unit1: CONTRACT MANAGEMENT
- 2. CONTRACT + MANAGEMENT management is managing the people most efficiently so that our work can be done.
- 3. A PRAPOSAL WHEN ACCEPTED BECOMES A PROMISE A PROMISE ( OR A SET OF PROMISES) WITH CONSIDERATION IS AN AGREEMENT AN AGREEMENT ENFORCEABLE BY A LAW IS A CONTRACT 3
- 4. CONTRACT MANAGEMENT RECIPROCAL PROMISES PROMISOR PROMISEE CONSODERATION CONTRACT MANAGEMENT RECIPROCAL PROMISES PROMISOR PROMISEE CONSODERATION
- 5. INTENSION OF PARTIES TO MAKE A CONTRACT, OTHERWISE IT IS A SOCIAL OBLIGATION OR MUTUAL CONSENT. PROMISES, WHICH FORM THE CONSIDERATION OR PART OF THE CONSIDERATION FOR EACH OTHER ARE CALLED RECIPROCAL PROMISES. PROMISOR: A PERSON WHO IS MAKING THE PROMISE OR PROPOSAL (CONTRACTOR) PROMISEE: A PERSON WHO IS ACCEPTING THE PROMISE OR PROPOSAL (DEPARTMENT)
- 6. A CONTACT ESSENTIALLY CONSISTS OF: AN OFFER BY ONE OF THE PARTIES TO RENDER OR PERFORM THE SERVICE /OR SERVICES FOR A CONSIDERATION. ACCEPTANCE BY THE OTHER PARTY TO GET THE SERVICE AND ITS COMMUNICATION THERE OF. THUS A CONTRACT IS A SET OF RECIPROCAL PROMISES, WHICH ARE TO BE FULFILLED FOR A CONSIDERATION
- 7. BASIC ASSUMPTIONS OF CONTRACT LAW: A CONTRACT ID BASED ON MUTUAL AGREEMENT OR CONVERGENCE OF MINDS OF CONTRACTING PARTIES. CONTRACT ARISES ONLY OUT OF FREE WILL OF THE PARTIES TO THE CONTRACTAND THE LAW ENFORCES ONLY WHAT THE PARTIES HAVE BOUND THEMSELVES TO. LAW CAN NEITHER MAKE A CONTRACT FOR THE PARTIES NOR UNMAKE ONE, WHICH THE PARTIES HAVE MADE. PROMISES SHALL BE PERFORMED AND NON PERFORMANCE OF THE PROMISES WILL GIVE RISE TO LEGAL CONSEQUENCES.
- 8. WHICH AGREEMENTS ARE CONTRACT? AN AGREEMENT IS A CONTRACT IF IT FOLLOWS: 1. FREE CONSENT 2. BETWEEN COMPETENT PARTIES 3. FOR LAWFULL CONSIDERATION (Money) 4. FOR LAWFUL OBJECT (Govt. Building, Others Building) WHAT IS A CONSENT? WHEN TWO OR MORE PARTIES AGREE, IN THE SAME SENSE, UPON THE SAME THING.
- 9. CONSENT IS SAID TO BE FREE WHEN IT IS NOT CAUSED BY 1. COERCION 2. UNDUE INFLUENCE 3. FRAUD 4. MISREPRESENTATION OF FACTS 5. MISTAKE WHO IS COMPETENT TO CONTRACT? 1. A PERSON WHO IS A MAJOR AS PER LAW 2. WHO IS OF SOUND MIND (mad) 3. WHO IS NOT DISQUALIFIED FROM CONTRACTING BY ANY LAW TO WHICH HE/SHE IS A SUBJECT.
- 10. FOR A SUCCESSFUL MANAGENET OF A CONTRACT ATTITUDE: 1. WORK IS WORSHIP 2. FOLLOW ETHICS IN CONRACT MANAGEMENT 3. EVERY WORK IS A NEW CHALLENGE TARGET 1. QUALITY AND SPEED SHOULD GO TOGETHER 2. ACHIEVE THE GOALKEEPING IN VIEW CUSTOMER SATISFACTION PLANNING 1. IF YOU FAIL TO PLAN, YOU ARE PLANNING TO FAIL.
- 12. SUMMARY COMPLETE PROCESS INVOLVED IN CONTRACT MANAGEMENT?
- 13. 1 GOVERNMENT CUSTOMER IDENTIFIES A NEED FOR GOODS OR A SERVICE (IN THIS CASE A BULDING)
- 14. 2 GOVERNMENT DEVELOPS A REQUEST FOR PRAPOSALS (RFP)AND RELEASES TO INDUSTRY
- 15. 3 INDUSTRY RECEIVES SOLICITATION, REVIEWS AND DECIDES IF GO OR NO GO
- 16. 4 IF A GO, INDUSTRY DEVELOPS THE PROPOSAL AND SUBMITS TO GOVERNMENT
- 17. 5 GOVERNMENT RECEIVES AND EVALUATES MULTIPLE PRAPOSALS, AND ASKS QUESTIONS FOR CLARIFICATION
- 18. 6 IF NECESSARY BOTH PARTIES NEGOCIATE THE CONTRACT
- 19. 7 GOVERNMENT AWARDS THE CONTRACT AND CONTRACTING OFFICER SIGNS THE CONTRACT INDUSTRY SIGNS THE CONTRACT AS WELL
- 20. 8 BOTH PARTIES WORK AS A TEAM ON EXECUTION AND CONTRACT PERFORMANCE INDUSTRY PROVIDES THE SERVICE
- 21. 9 UPON COMPLETION, BOTH PARTIES WORK TO CLOSE OUT THE CONTRACT
- 22. 10 THE PROJECT IS COMPLETE
- 23. THANK YOU