International Business: The Challenges of Globalization (9th Edition) (What's New in Management)
9th Edition
ISBN: 9780134729220
Author: John J. Wild, Kenneth L. Wild
Publisher: PEARSON
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Chapter 13.3, Problem 3QS3
A disadvantage of both management contracts and turnkey projects is what?
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Chapter 13 Solutions
International Business: The Challenges of Globalization (9th Edition) (What's New in Management)
Ch. 13.1 - Prob. 1QS1Ch. 13.1 - Prob. 2QS1Ch. 13.1 - Prob. 3QS1Ch. 13.2 - Prob. 1QS2Ch. 13.2 - Prob. 2QS2Ch. 13.2 - Prob. 3QS2Ch. 13.3 - Prob. 1QS3Ch. 13.3 - What is it called when companies use agreements to...Ch. 13.3 - A disadvantage of both management contracts and...Ch. 13.4 - Prob. 1QS4
Ch. 13.4 - Prob. 2QS4Ch. 13.4 - Prob. 3QS4Ch. 13.4 - Prob. 4QS4Ch. 13.5 - Prob. 1QS5Ch. 13.5 - Prob. 2QS5Ch. 13.5 - Prob. 3QS5Ch. 13 - Prob. 1TAI1Ch. 13 - Prob. 2TAI1Ch. 13 - Prob. 3TAI2Ch. 13 - Prob. 4TAI2Ch. 13 - Prob. 5ECCh. 13 - Prob. 6ECCh. 13 - Prob. 7ECCh. 13 - Prob. 10TUCh. 13 - Prob. 11TUCh. 13 - Prob. 12TU
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- For each of the questions below, answer with the following types of contracts: UP = Unit price CP = Cost-plus LS = Lump sum Which type of contract provides the [ Choose ] owner with the best estimate of the construction cost at the beginning of the project? Which type of contract would require [ Choose ] the project to be well defined even though exact quantities need not to be known? Which type of contract is appropriate [ Choose ] when the actual costs of a project and scope of work are difficult to estimate with accuracy? For which type of contract is it likely [ Choose ] that construction cost is not optimized? Which type of contract allows the [ Choose ] work to start without detailed plans? >arrow_forwardMany executives are reluctant to let project managers have complete control of project costs because then the project managers must know the exact salaries of almost all project personnel. Can this situation be prevented if the contract requires reporting costs as actuals?arrow_forwardGiven the different contract types, under what conditions should each contract type be applied? Please give example of any particular local projects that you think may be effectively implemented using each contractual type: Fixed Price Cost Plus Guaranteed Maximum Price Unit Pricearrow_forward
- How do customers evaluate proposals? What factors might they consider? Describe two different types of contracts, when each should be used, and the risks associated with each.arrow_forward3. Why might a sponsor find it economically convenient to refinance loans once the construction phase for the project in question has been successfully completed? a) to cut down on the length of the project at hand so as to move on to new ones. b) to reduce the severity of certain covenants. c) to modify the characteristics of the underlying project. d) to modify the loan agreement.arrow_forwardWhat is a change order to a construction contract? What are five causes of change orders on a typical construction project? Why does using owner-furnished equipment on a project sometimes result in change orders? What factors should a project manager consider when analyzing the impact of a proposed change order on a construction project? What recourse does a project manager have if the owner denies a change order proposal? What is the difference between a change order and a construction change directive? What action does a project manager take upon receipt of a construction change directive?arrow_forward
- Contract management is a critical function of these projects. Explain the risks that may occur during the performance of the above projects pertaining to contract management.arrow_forwardAs an independent contractor considering a move into the DoD contract arena, discuss additional considerations you would add to your compliance plan to meet DoD requirements. Assess the pros and cons of adding DoD contracts to your portfolio.arrow_forward1. Compare and/or contrast functionality versus performance in project quality management. 2. Does unit pricing favor buyers or sellers? 3. Is a cost-plus-incentive contract more favorable than a lump-sum contract?arrow_forward
- How do fixed-cost contracts impact the accuracy and flexibility of software cost estimations?arrow_forwardConsider a project to build a secondary school. Prepare a report that sets and discusses the main components of a CBA of this chosen project and write as if it is being prepared for a senior civil servant, who may be interested in undertaking a full Cost Benefit Analysis for the project. At this point, the senior civil servant wants to know what the scope of the appraisal of the project would contain, and how it would be undertaken, including the details of the valuation of eventual non-market items. The report should provide details of the techniques of cost-benefit analysis and should specifically describe and detail the items (costs and benefits) being considered in the analysis. Note: not required to conduct an actual CBA or do any calculations. Structure 1. The chosen project - should be appropriate study for a social cost-benefit study 2. Set out the Cost-Benefit Analysis method being used in general terms, including the choice of the discount rate. 3. Sketch out and list the…arrow_forwardYou are about to have the house of your dreams built in Florida. You negotiate the terms of the contract with your builder. You have agreed that your home will have 4000 square feet, swimming pool, landscaped gardens etc. It is to be completed in 6 months at a cost of $1,500,000. Discuss two risks that may impact the cost and completion time of your dream home?arrow_forward
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