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Explain five remedies to breach of contract. (10 marks)June/July 2020
There are several remedies that may be available to a party who has suffered a breach of contract. Some of the most common remedies include: Damages: A party may be entitled to monetary damages as a result of a breach of contract. These damages may be intended to compensate the non-breaching party fRead more
There are several remedies that may be available to a party who has suffered a breach of contract. Some of the most common remedies include:
State two advantages of serial tendering.(4 marks)June/July 2020
Some potential advantages of serial tendering in the construction industry include: Specialization: Serial tendering allows contractors to specialize in specific areas of a project, which can increase efficiency and reduce costs. Competition: By breaking a project into smaller parts, serial tenderinRead more
Some potential advantages of serial tendering in the construction industry include:
Explain the terms “serial tendering” as used in the construction industry.v
In the construction industry, serial tendering refers to the practice of issuing a series of separate tenders for different parts or phases of a construction project, rather than issuing a single tender for the entire project. This approach can be used to break a large project into smaller, more manRead more
In the construction industry, serial tendering refers to the practice of issuing a series of separate tenders for different parts or phases of a construction project, rather than issuing a single tender for the entire project. This approach can be used to break a large project into smaller, more manageable parts, or to allow different contractors to specialize in different aspects of the project.
One advantage of serial tendering is that it allows contractors to specialize in specific areas, which can increase efficiency and reduce costs. It can also allow for more competition among contractors, as smaller companies may be more able to bid on smaller parts of the project.
However, serial tendering can also be more complex and time-consuming, as multiple contracts must be negotiated and managed, and there may be increased risk of delays or disruptions if one part of the project falls behind schedule. Overall, the use of serial tendering depends on the specific circumstances of the project and the needs of the client.
See lessOutline four types of contract documents. (6 marks)June/July 2020
There are several types of contract documents that may be used in various contexts, including: Offer and acceptance documents: These outline the terms of an agreement between two parties, including what is being offered and accepted, any conditions that must be met, and the effective date of the agrRead more
There are several types of contract documents that may be used in various contexts, including:
Outline four types of contracts in the construction industry. (6 marks)June/July 2020
Fixed-price contracts: Under this type of contract, the contractor agrees to complete the project for a predetermined price, regardless of any cost overruns or delays. Cost-plus contracts: Under this type of contract, the contractor is reimbursed for all costs incurred in completing the project, pluRead more
Explain two types of each of the following: (i) Organizational structures, (ii) Organizational relationship.(8 marks)June/July 202
(i) Organizational structures are the way that an organization arranges its hierarchy of authority and the way that tasks and responsibilities are divided among its employees. Some common types of organizational structures include: Hierarchical structure: This is a traditional structure in which theRead more
(i) Organizational structures are the way that an organization arranges its hierarchy of authority and the way that tasks and responsibilities are divided among its employees. Some common types of organizational structures include:
(ii) Organizational relationships refer to the way that different individuals and groups within an organization interact with one another. Some common types of organizational relationships include:
Outline two methods of communication. (3 marks)June/July 2020
There are many different methods of communication that can be used in an organization. Some of the most common methods include: Verbal communication: This involves the use of spoken language to convey information. It can be either face-to-face, over the phone, or through a speaker system. Written coRead more
There are many different methods of communication that can be used in an organization. Some of the most common methods include:
Outline six principles of management. (4 marks)June/July 2020
The principles of management are the guidelines that a manager follows in order to effectively plan, organize, lead, and control the activities of an organization. These principles are: Division of labor: The work of the organization is divided into specific tasks, and each task is assigned to an inRead more
The principles of management are the guidelines that a manager follows in order to effectively plan, organize, lead, and control the activities of an organization. These principles are:
Describe four functions of management. (8 marks)June/July 2020
The functions of management are the activities that a manager performs in order to achieve the goals of an organization. These functions are typically classified as follows: Planning: Involves setting goals and developing strategies for achieving those goals. Organizing: Involves creating a structurRead more
The functions of management are the activities that a manager performs in order to achieve the goals of an organization. These functions are typically classified as follows:
Explain each of the following terms: (i) Management, (ii) Organization.(4 marks)June/July 2020
(i) Management refers to the process of planning, organizing, leading, and controlling resources in order to achieve specific goals. It involves setting goals for an organization and then developing and implementing strategies for achieving those goals. (ii) An organization is a group of people whoRead more
(i) Management refers to the process of planning, organizing, leading, and controlling resources in order to achieve specific goals. It involves setting goals for an organization and then developing and implementing strategies for achieving those goals.
(ii) An organization is a group of people who work together in order to achieve a common goal or set of goals. It may be a business, government agency, non-profit organization, or any other type of group that is established for a specific purpose. Organizations are typically structured in a specific way, with a hierarchy of authority and a clear division of labor.
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