Share
Explore BrainMass

Why is it important for the Contractor to identify limitations to the inspection and warranty provisions of the Contract during the proposal phase of the procurement?

2. Why is it important for the Contractor to identify limitations to the inspection and warranty provisions of the Contract during the proposal phase of the procurement?

3. What are liquidated damages?

4. Explain what the buyer's obligations are in a commercial contract?

5. Explain the concept of anticipatory repudiation.

17. What are some typical rights found in a warranty clause? Consider both services and goods in your answer.

18. What are contract options? Explain how they work and how they can be exercised

Attachments

Solution Preview

Short essays

2 Why is it important for the Contractor to identify limitations to the inspection and warranty provisions of the Contract during the proposal phase of the procurement?
It is important for the Contractor to identify limitation to the inspection and warranty provisons of the Contract because this lays down the extent of contract quality assurance, the acceptance of supplies and services, and shipments. These are important for the determination of the cost of contract and so affects the quotation to be given.
The limitations of the Warranty provisions is important because it defines what constitutes a defect in the supply or service. At the proposal stage it is important for the Contractor to know this so that he can ascertain the steps he has to take to avoid "defects" and the cost to make sure the "defects" do not occur in his supply or service.

3. What are liquidated damages?
If the contractor fails to make effort to comply with the contracting plan, or tries to disrupt the plan or simply does not meet his obligations the contract shall be dissolved and a penalty is to be paid to the government by the contractor. This levied damages are called liquidating charges. Usually the extent to which the contractor has not been able to perform is taken to be benchmark for the amount of liquidated damages due to the government. These charges are not levied if good faith effort had been made to meet the plan requirements and the failure to perform was not intentional.
4. Explain what the buyer's obligations are in a commercial contract?
The buyer's obligation in commercial contract is to promote racial equality, to value diversity in their community, promote health and safety of the employees, increasing their level of electronic trading, paying on time, and following the "Government Procurement Code of Good Practice".

5. Explain the concept of anticipatory ...

Solution Summary

Each question is answered in a paragraph

$2.19