Explain which company you would award the contract to base on the weighted score card in table below.
Answer(s): A
A weighted score card is a tool with a systematic and a fair process for selecting supplier, based on predetermined criteria. This tool can help make the decision by presenting a fair display of how all suppliers did in the process. The values of these weights are based on their importance. The supplier with the highest score card is considered the most suitable to be awarded the contract. In the table above, cost is considered more than all other criteria. Contract length is the lowest which is weighted.Base on the weighted score card as presented above, company B scored 78 while company A and company C scored 65 and 63 respectively.Company A, having scored the highest (78) should be awarded the contract.Refer to the question column for response
What are the reasons that a contract can legally be terminated?
A contract is written or verbal agreement, made between two or more parties that are legally en- forceable. For a contract to be legally binding it must include intention of parties entering into the contracts. All parties must have the capacity to contract or be contracted. They must be of a sound mind, there should be a promise (offer) for performance from the other party and an exchange (consideration) of one thing for another within an agreement for contract to be binding, there must be an acceptance of the offeror's offer by the offeree. There are many reasons contract can legally be terminated, including non-performance by one or both parties, a significant change in the requirement. There are several reasons contract can legally be terminated, including non-performance by one or both parties; breach of material, failure to meet service level agreement, ethical breaches, a significant change in the requirement of either party caused by ethical change in the market, change in Demand, obsolescence, contract completion. The procurement professionals should get an exit strategy that should encourage a stress free disengagement should incase there are no profitable reason to continue with the contract.Refer to the question column for response
A contract is written or verbal agreement, made between two or more parties that are legally en-forceable. For a contract to be legally binding it must include intention of parties entering into the contracts. All parties must have the capacity to contract or be contracted. They must be of a sound mind, there should be a promise (offer) for performance from the other party and an exchange (consideration) of one thing for another within an agreement for contract to be binding, there must be an acceptance of the offeror's offer by the offeree. There are many reasons contract can legally be terminated, including non-performance by one or both parties, a significant change in the requirement. There are several reasons contract can legally be terminated, including non-performance by one or both parties; breach of material, failure to meet service level agreement, ethical breaches, a significant change in the requirement of either party caused by ethical change in the market, change in Demand, obsolescence, contract completion. The procurement professionals should get an exit strategy that should encourage a stress free disengagement should incase there are no profitable reason to continue with the contract.
What happens in the public sector, regarding providing feedback?
A sector is an area of an industry, e.g., private, public or third sector. A public sector is a sector of the economy that is owned, finance and run by the government. This sector is financed with tax payer's money. And therefore owe the general public an ethical explanation towards all investment and decision.Once the supplier that is awarded the contract has accepted, the buyer can tell the unsuccessful bidders. This usually happens through email or letter. The public sector is more likely to give feedback to unsuccessful bidders and also have to respond to any stakeholders that request information on why a supplier is not successful.Refer to the question column for response
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Napo Posholi commented on October 02, 2023 They are very helpful Anonymous upvote
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