Question 1:
Discuss and illustrate out the significance of a price adjustment clause in a procurement contract. Your answer must consist of some examples.
Question 2:
The major obligation of the Public Body is to pay the Contractor promptly after due date. Discuss and describe the consequences of late payment to public body.
Question 3:
Discuss and illustrate out the four (4) circumstances when a public body might terminate a contract.
Question 4:
Write concise notes on the following:
a) Liquidated Damages
b) Retention Money
c) Acceptance Report
d) Force Majeure