Contracts and Procurement 4
1. For the following types of undertakings, which contract modes are most appropriate? Be prepared to explain the rationale behind your choice.
· We want to order a pencil manufacturer to produce 20,000 pencils for us
· We want to have a 300 meter bridge built to span a local river
· We want to have a contractor design a brand new circuit board that has state-of-the-art capabilities
· We want to contract out work to operate our small factory
2. Describe the relative benefits and weaknesses of a CPIF contract vs. a CPAF contract.
