Finance,measurement.procurement in construction Coursework

Finance,measurement.procurement in construction - Coursework Example on boards on the listed contractors, which will indicate the projects they have accomplished, and the experience in terms of duration of engagement in similar projects. During the invitation to bid, contractors are provided with the questionnaires to fill in information relating to business details, technical competence and ability, financial ability to accomplish the project depending on the value, environmental issues, insurance cover and previous work experience to accomplish similar scope of work. The potential contractors will fill in these details and provide information from their perspective and records as to the expected potential to accomplish the project. As the consultant for the client, I will be able to verify the information provided by the contractors after reading through their respective questionnaires. Financial position of the contracting firm will be revealed from the bank statements while the existence of the business can be found from the list of registration of such companies. Technical ability of the contracting firm is revealed by inspection of their equipment and machinery for the intended work. Representatives do the inspection from the consultants firm visiting the premises of the bidders while listed assets of the contractor can also provide such information. UEL project for L & H is to provide procurement services require high technical ability as well as financial strength. Based on these requirements, the most effective tendering procedure would be restricted tender. Capable contractors can be identified then invited to bid for the works (Amos 2004). Through this process, they will be able to find bids only from contractors with the technical ability, financial backing and previous work experience to successfully accomplish and deliver the works according to the scope of work. The construction of the subway requires technical knowledge and the necessary machine for excavation and setting of the three rail lines required as well

Athics and governemance Essay Example | Topics and Well Written Essays - 1500 words

Athics and governemance - Essay Example We have many examples in the business and corporate world where organizations that have not acted morally and that had lead to their downfall, the biggest and the most recent example that comes to mind is that of Enron where financial data was manipulated to the advantage of those running the business and that lead to the downfall of the multi-billion dollar company, there are many lessons to be learned from Enron, it does not matter how big or how small a company is, it should act in a morally correct manner without worrying about the consequences and it should do so because it is the right thing to do more than anything else. There is no room for companies in today’s day and age that are morally off the compass because the amount of information that can be shared today, the mediums that it can be shared by and the speed at which it can be shared at have all tremendously increased due to advances in technology. Businesses that operates in a manner that is morally correct beca use it is the right thing to do would also generate a lot of business because of this code of ethics, because customers do not like to be cheated upon, they would rather buy from a company which sells at a higher price but is doing the right thing rather than from a company which prices its goods lower but that is due to morally corrupt reasons and customer loyalty is very important to businesses these days because repeat purchases is what every business aims to do achieve. Though repeat purchases would be gained from this moral attitude this should not be aim of the businesses under the Kantian approach, businesses should be morally correct in their dealings because it is the right thing to do and not because it would enable them to achieve repeat purchases, it should be only looked upon as a by-product of this approach to ethics. This approach is very right theoretically but it is human nature to find