Part 5: CLO 5 Question 1 David, the project manager, is now working on procurement planning for the...

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General Management

Part 5: CLO 5
Question 1
David, the project manager, is now working on procurementplanning for the project. He is looking at the following optionsfor procuring different pieces. Advice the right procurementcontract option for the following situation (justify youranswer):
David will pay $3,000 for the use of a facility and $5,000 permonth for the consulting team and engineering, working on theacquired part for the duration of the project. However, there is alimit of $50,000 for the maximum cost.
David will pay the labor cost each month plus 5% of this costas food at work and for recognition and rewards for the labor.

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4.5 Ratings (613 Votes)

We will have to approach this problem as being constrained by the maximum project cost which has been given as 50000 Out of this 3000 needs to be earmarked for the use of the See Answer

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