Field of Study Project Assignment Instructions Goal : Demonstrate the ability to create a field of study project that uses both research-based and personal contentwhile using presentation software to...

Week 7 – Field of study project
Week 7 – Field of study project
Introduction: TASK Definition
Procurement for services is an important part for any business organization and gains more significance in the context of government bodies.
Any successful procurement entails varied set of factors like mutual trust, pricing related factors, reliability on delivery and quality commitments, regulatory compliances, etc.
Hence, a detailed study with respect with primary focus on the role of leadership and personal skillsets for undertaking procurement and affiliated price negotiations with respect to service supplies contracting for government bodies is of prime significance.
Topic Researched: “Contracting for Service Supplies to Government Bodies: Procurement & Price Negotiations”
Procurement for services is an important part for any business organization and gains more significance in the context of government bodies. Any successful procurement entails varied set of factors like mutual trust, pricing related factors, reliability on delivery and quality commitments, regulatory compliances, etc. Hence, a detailed study with respect with primary focus on the role of leadership and personal skillsets for undertaking procurement and affiliated price negotiations with respect to service supplies contracting for government bodies is of prime significance. In essence, the rationale for choosing this topic is that it entails an intersection of key domains of government procurements, contracts, price negotiations, and leadership / personal competences. All of these represents important elements of business operations and overall organizational significances. Hence a project focussed on the same shall have significant knowledge and learning scope.
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Introduction: Information Seeking strategies, location & access, and use of information
The overall plan shall be to undertake systematic and comprehensive form of literature search across various sources
This is done to develop theoretical and affiliated knowledge in the project domain, and on the basis of the same undertake an exploratory research
This will help in determining the role of leadership and personal skillsets for undertaking procurement and affiliated price negotiations with respect to service supplies contracting for government bodies.
The overall plan shall be to undertake systematic and comprehensive form of literature search across various sources to develop theoretical and affiliated knowledge in the project domain, and on the basis of the same undertake an exploratory research to determine the role of leadership and personal skillsets for undertaking procurement and affiliated price negotiations with respect to service supplies contracting for government bodies. The project approach of using systematic and comprehensive form of literature search across various sources and undertaking an exploratory research to determine the role of leadership and personal skillsets for undertaking procurement and affiliated price negotiations with respect to service supplies contracting for government bodies offers scope for developing knowledge on myriad domains spanning leadership, contracts, personal abilities, price negotiations, and service procurements.
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Synthesis
The review of Wedel (1976) led to the following set of findings –
Two key variations and effective forms of performance contracts include the following – [1] cost plus based fixed fee contracts, and [2] cost plus based incentives fee contracts.
In case of cost plus based fixed fee contracts, concerned contractors shall be reimbursed with respect to expenses concerning delivery of services, as well as in addition avails the negotiated per cent over the costs in the form of profit.
In case of cost plus based incentives fee contracts, target cost as well as performance objectives shall be established.
The review of Wedel (1976) led to the following set of findings – with respect to the cases wherein the clear set of expectations could be adequately established as well as that the criteria concerning measurement of performances shall be employed, the same shall form an additional form of refinement with respect to the purchasing of the services. To a large extent, the employment of performance contracting has been to limited applications within the domains of social welfare and yet considerable levels of experiences have been collected upon the specific domain concerning government contracting. Two key variations and effective forms of performance contracts include the following – [1] cost plus based fixed fee contracts, and [2] cost plus based incentives fee contracts. In case of cost plus based fixed fee contracts, concerned contractors shall be reimbursed with respect to expenses concerning delivery of services, as well as in addition avails the negotiated per cent over the costs in the form of profit. In case of cost plus based incentives fee contracts, target cost as well as performance objectives shall be established.
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Synthesis
The review of Strauss (1962 ) led to the following set of findings –
overall work behaviour of agents shall be influenced strongly by lateral based negotiations.
Relationship amongst purchasing department and other departments within an organization can never be fully realized by...