problem1. List all the different parts of bidding document for works.
problem2. List all five benefits of Dispute Resolution over Termination of Contracts.
problem3. List all the different kinds of Certificates which are issued in Works Contract.
problem4. Make a distinction between bid validity period and validity period of Bid Security.
problem5. What are the risks associated with placing of an order for the supply of consignment of fire crackers from China for the Republic’s Day? How would you avoid or mitigate those risks?
problem6. What are the objectives, in bidding exercise, behind asking for?
i) A bid security.
ii) A performance security.
iii) A statement of past similar works undertaken by the contractor throughout the past years.
problem7. Give two differences between pre-qualification and post-qualification criteria.
problem8. What do you understand by?
a) “Conditions of Contract”
c) “Variation” in a Works Contract
problem9. “Applicable Laws must be taken in consideration by the buyer during Contract Administration.” Elaborate on the possible consequences in three such cases where applicable laws haven’t been applied.
problem10. “Liquidated Damages must not be applied systematically by the buyer.” describe giving details on how Liquidated Damages must be applied and in what special circumstances you think Liquidated Damages might not be applied.