You are the project manager for a major IT project. You believe your contractor

Question

You are the project manager for a major IT project. You believe your contractor in a fixed-price contract is behind schedule. You decide to do an unannounced inspection of the work of the seller on the job site. Would you legally be permitted to do an unannounced inspection of the seller's work?

List and briefly describe the three tools and techniques used for bid or no-bid decision making.

You are in contract negotiations. The seller is insisting on a time and material contract. What are some of the concerns with a time and material contract vehicle?

Explanation / Answer

An unannounced inspection of the work of the seller on the job site would depend on the actual contract agreement signed between both of the parties.

The three tools and techniques used for bid or no-bid decision making are mentioned below.

1. Bid/No-bid Decision Checklist : Though most simplest of all bid/no bid decision tools. The Bid/No-bid Decision Checklist is a set of questions also reffered to as bid no bid form.

2. Bid/No-bid Decision Matrix : A tool where specific weights are assigned to each and every question and a global score is computed. This score is then compared to the threshold Matrix or the acceptable level of score.

3. Bid/No-bid Decision Tree : It is one of the most elaborate formats of all the available tools. It arranges the questions in a logical sequence of multi branch which leads to a bid no bid decisions.

some of the concerns with a time and material contract vehicle are mentioned below.

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