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SOCAR Senior Contracts Specialist Interview Questions and Answers
SOCAR Senior Contracts Specialist Interview Experiences
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Senior Contracts Specialist Interview Questions & Answers
Aslınur Gündüz, MBA, CCMAP
posted on 5 Jan 2024
(1 Question)
- Q1. Tell me about yourself?
(1 Question)
- Q1. What type of contract managed?
- Ans.
I have managed various types of contracts including fixed-price, cost-reimbursement, time and materials, and performance-based contracts.
Fixed-price contracts
Cost-reimbursement contracts
Time and materials contracts
Performance-based contracts
(1 Question)
- Q1. Describe major project process?
- Ans.
The major project process involves planning, execution, monitoring, and closing of a large-scale project.
Initiation: Define project scope, objectives, and stakeholders.
Planning: Develop a detailed project plan, schedule, and budget.
Execution: Implement the project plan and manage resources.
Monitoring: Track project progress, identify risks, and make necessary adjustments.
Closing: Finalize project deliverables, obtain c
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Kanti Kalyan Arumilli
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I was interviewed in Jul 2024.
(2 Questions)
- Q1. Various technical questions regarding .Net
- Q2. Various technical questions
Normal coding test and regarding coding abilities
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Anonymous
I applied via Naukri.com and was interviewed in Feb 2024. There was 1 interview round.
(3 Questions)
- Q1. Difference between representation and warranties?
- Ans.
Representation refers to statements made by one party to another in a contract, while warranties are promises made by one party to another regarding the truthfulness of certain facts or conditions.
Representations are statements of fact made by one party to another during negotiations or in the contract itself.
Warranties are promises made by one party to another regarding the truthfulness of certain facts or conditions.
...
- Q2. What difficulties would companies usually face in commercial contracts during negotiation?
- Ans.
Companies may face difficulties in commercial contracts negotiations due to conflicting interests, complex terms, and legal uncertainties.
Conflicting interests between parties may lead to disagreements on terms and conditions.
Complex terms and conditions may require extensive discussions and clarifications.
Legal uncertainties such as ambiguous language or conflicting laws can complicate negotiations.
External factors li...
- Q3. Why does subscription pricing model create issues for clients and service providers?
- Ans.
Subscription pricing model creates issues due to lack of flexibility, potential for overpaying, and difficulty in predicting costs.
Lack of flexibility in adjusting services based on changing needs or budget constraints
Potential for overpaying if clients do not fully utilize all services included in the subscription
Difficulty in predicting costs accurately, leading to budgeting challenges for both clients and service pr
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- Contracts
- Service Contracts
- Vendor Contracts
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