Project Management Contact

Running head: PROJECT MANAGEMENT CONTACT
Project Management Contact
Name of the Student:
Name of the University:
Authors Note:

1PROJECT MANAGEMENT CONTACT
Contents
Offer and acceptance phase of the contract:....................................................................................2
Subject matter of the contract:.........................................................................................................2
Terms and conditions of the contract:.............................................................................................2
Disputes resolution mechanisms:....................................................................................................3
Contract management practices:......................................................................................................3
References:......................................................................................................................................5

2PROJECT MANAGEMENT CONTACT
IBS Laboratories for Research and Medical Analysis situated in Dubai, United Arab
Emirates (UAE) has entered into a contract with Hanna Instruments of UAE to purchase lab
equipment necessary for research and medical analysis.
Offer and acceptance phase of the contract:
IBS asked quotations from suppliers to supply laboratory equipment of highest quality
required for medical and research purposes. Number of quotations were received from different
suppliers of lab equipment and material. The quotation was evaluated on the basis of technical
and financial conditions. The quotation of Hanna Instruments fulfilled both technical and
financial conditions. Subsequently a contract for formulated between IBS and Hanna (Grose,
2016).
The quotation of Hanna in this case is the offer of Hanna and the subsequent selection by IBS of
Hanna’s quotation is the acceptance of the offer. Once an offer is accepted it become a binding
agreement and a contract was formed.
Subject matter of the contract:
As discussed the subject matter of the contract is lab equipment and materials to be
supplied by Hanna Laboratories UAE to IBS. The contract was entered into with specific prices
for different items of lab equipment as per the quotation of Hanna. The terms and conditions of
the contract allow IBS to reject the supply of lab equipment and materials immediately in case
the quality of equipment and material is not of the quality specified in the quotation (Knapp,
Crystal & Prince, 2016).