Description
Read the following article:
Miller, D. P. (2014). Subcontracting and competitive bidding on incomplete procurement contracts. The RAND Journal of Economics, 45(4), 705-746. Retrieved from http://www.webmeets.com/files/papers/earie/2011/628/millerpaperEARIE.pdf
In a three- to four-page paper (in addition to the cover and reference pages that you must include), write a summary of this study and its findings. Analyze and discuss the role and importance of subcontracting in project management.
Your paper should conform to CSU-Global Guide to Writing and APA Requirements. Include at least two scholarly references in addition to the course textbook. The CSU-Global Library is a good place to find these references.
Explanation & Answer
Attached.
Subcontracting in Project Management
I.
Summary of the findings of the paper Subcontracting and competitive bidding on
incomplete procurement contracts by Daniel P. Miller.
II.
The analysis and discussion of the role and importance of subcontracting in project
management.
Running head: SUBCONTRACTING IN PROJECT MANAGEMENT
Subcontracting in Project Management
Student’s Name
Institutional Affiliation
1
SUBCONTRACTING IN PROJECT MANAGEMENT
2
Subcontracting in Project Management
Worth a note, Turner (2013), postulates that a project is a short-term treaty whose
proprietor allocates supplies to fulfill their development goals. For larger projects, the company
proprietors will not have enough supplies within the company, thus, they will need to acquire the
supplementary supplies from outside the company, which is termed as subcontracting. Therefore,
contracting is a crucial section of the management of a project. In addition, contracting is defined
as the technique used by company proprietors to introduce supplementary supplies to produce
the project. The paper is about the effects of unfinished contracts on subcontracting agreements
and the development of acquisition bargains for public infrastructure assignments or projects.
The first objective of this paper is to discuss the hypothetical and experiential literature that
exists on unfinished contracts. The second objective of this paper is to discuss the bidding
policies and bargaining de...
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