1.
A trucking company expects to purchase 525 truck tires over the next year for their fleet. The company places a blanket order for the tires to a local tire vendor. At the end of a year the company has only purchased 500 of the tires. What should be done to close the contract?
2.
A project is being managed by a project manager. A large portion of the work of the project is being subcontracted to an outside vendor. During the project it is found that a significant change in the design of the project is necessary. The project manager should:
3.
A project is engaged in making electronic devices. It is necessary for them to purchase materials to make the printed circuit boards. All of the parts are common parts that are available from several vendors. The most likely contract that should be issued for these parts is:
4.
A project manager is managing a project to design a software system for a client. She decides to subcontract the work to a programming subcontractor. The subcontractor fails to deliver the work on time, and the project manager invokes a penalty clause that was written into the contract. It is found that the person signing the contract was under twenty-one years of age (the legal age where the contract was signed). What can be done?
5.
An agreement between competent parties, for valid consideration, to accomplish some lawful purpose with terms clearly set forth is called a:
6.
A project is coming to a close, and the project manager is listing the things that must be done to close out the project. One of the things that must be done by the person responsible for contract administration is:
7.
A company wants to buy steel machine screws for a project they are working on. The screws are an example of what type of purchase?
8.
At the request of the project team for a large project, the company’s purchasing department advertises that they intend to let a contract for construction work associated with the project. This is called:
9.
The procurement manager of a company decides to solicit bids on a contract. On the basis of the bid the company must clearly specify exactly what they intend to purchase. The selection of the vendor will be on the basis of:
10.
An automotive design project is underway. The project is to design the new body style for the upcoming season. Body styles are considered to be one of the more important items for competing in the next season. The completion date for the project is moved up to three months earlier than planned. Because of this change in the project completion date, there is the possibility of having some of the work done by a design bureau in town. The project manager must make a decision as to whether or not to subcontract this work out to the design bureau. What is the most important consideration in making this decision?
