20+ Manager - Contracts Interview Questions and Answers

The per sqft costing in a commercial project for MEP varies depending on various factors such as project location, complexity, and quality of materials.

• Per sqft costing for MEP in a commercial project includes plumbing, fire fighting, HVAC, electrical, fire alarm, and public address system.

• The cost can range from $10 to $50 per sqft, but it can be higher for complex projects or projects in high-cost areas.

• Factors that influence the cost include the size of the project, the qu...read more

Discuss the importance of adhering to contract terms and the potential consequences of agreeing to variations without proper review.

• Explain the importance of contract terms and the potential legal implications of not adhering to them

• Highlight the need for project managers to consult the contract before agreeing to any variations

• Suggest implementing a process where all variations must be reviewed by the contracts manager before approval

• Provide training to project managers on c...read more

Yes, there may be provisions available for late notification of Variation/Claim incidents.

• Some contracts may have provisions for extensions of time for notifying variations/claims beyond the initial 28 days.

• The contract may specify the process for submitting late notifications and any potential consequences.

• It is important to review the contract terms and conditions to understand the specific provisions for late notifications.

• Examples of provisions could include requiring a v...read more

The clause that can be used for removing a project manager of a subcontractor from a site is the Termination for Convenience clause.

• Termination for Convenience clause allows the owner to terminate the contract without cause

• The clause should be included in the contract between the owner and the subcontractor

• The clause should specify the procedures for termination and the compensation to be paid to the subcontractor

• The owner should follow the procedures specified in the clause ...read more

Handled various claims for EPC projects including delay claims, variation claims, and cost overrun claims.

• Successfully resolved delay claims by analyzing project schedules and identifying critical path delays.

• Negotiated settlement for variation claims by reviewing contract documents and scope changes.

• Managed cost overrun claims by tracking project expenses and identifying areas for cost reduction.

• Implemented strategies to mitigate risks and avoid potential claims in future pr...read more

General terms apply to all contracts, while special terms apply only to specific contracts.

• General terms are standard terms that apply to all contracts, regardless of the type of contract or parties involved.

• Special terms are unique terms that apply only to a specific contract or set of contracts.

• General terms are often included in a company's standard contract template, while special terms are negotiated and agreed upon by the parties involved.

• Examples of general terms inclu...read more

Proactive contract management involves anticipating and preventing issues, while reactive contract management involves responding to issues as they arise.

• Proactive contract management involves setting clear expectations, monitoring performance, and addressing potential issues before they escalate.

• Reactive contract management involves resolving disputes, renegotiating terms, and mitigating risks after issues have already occurred.

• Example of proactive contract management: Regul...read more

Negotiate calmly and professionally, address each claim individually, provide evidence and documentation, seek compromise.

• Remain calm and professional during negotiations.

• Address each claim individually, discussing the specifics and evidence supporting or refuting it.

• Provide documentation and evidence to support your position.

• Seek compromise and find a mutually beneficial solution to resolve the claims.

• Maintain open communication with the customer throughout the negotiation p...read more

Basic contractual terms important for project completion include scope of work, timeline, payment terms, and dispute resolution.

• Scope of work should be clearly defined to avoid misunderstandings.

• Timeline should be realistic and agreed upon by all parties involved.

• Payment terms should be clearly outlined to ensure timely payments.

• Dispute resolution mechanisms should be in place to address any conflicts that may arise.

• Penalties for delays or breaches should be included to incen...read more

Solid block consumption in Sqm is higher than AAC blocks due to differences in material density and strength.

• Solid blocks are typically made of materials like concrete or clay, which are denser and heavier than AAC blocks made of lightweight aerated concrete.

• The higher density of solid blocks results in a higher consumption in Sqm compared to AAC blocks.

• Solid blocks also tend to have higher compressive strength than AAC blocks, leading to a higher material requirement for the...read more

BPV calculations involve determining adjustments to the base price based on specified criteria.

• Identify the base price and the factors that can lead to variations

• Calculate the adjustments based on the specified criteria

• Apply the adjustments to the base price to determine the final price

Contract amendments are required to modify terms, conditions, or scope of the original agreement.

• To update pricing or payment terms

• To extend or shorten the duration of the contract

• To add or remove services or products

• To address unforeseen circumstances or changes in requirements

• To correct errors or ambiguities in the original contract

Rate analysis, IS codes and other are important for effective contract management.

• Rate analysis involves determining the cost of materials, labor, and equipment required for a project.

• IS codes are Indian Standards that provide guidelines for quality and safety in construction.

• Other important factors in contract management include risk assessment, negotiation skills, and legal knowledge.

• Effective contract management requires attention to detail and strong communication skills....read more

Contract law governs agreements between parties and their obligations.

• Contract law is a branch of civil law that deals with the creation and enforcement of agreements between parties.

• It covers topics such as offer and acceptance, consideration, capacity, and legality of contracts.

• Examples of contracts include employment agreements, lease agreements, and purchase agreements.

• Breach of contract occurs when one party fails to fulfill their obligations under the contract.

• Remedies ...read more

Yes, FIDIC stands for International Federation of Consulting Engineers and is a set of contract templates commonly used in the construction industry.

• FIDIC stands for International Federation of Consulting Engineers

• It provides standard contract templates for construction projects

• FIDIC contracts are commonly used in the construction industry worldwide

Normal interaction between parties involved in a contract

• Clear communication is key in ensuring all parties understand their roles and responsibilities

• Regular updates and meetings to discuss progress and address any issues that may arise

• Mutual respect and professionalism should be maintained at all times

• Transparency in all dealings to build trust and avoid misunderstandings

Per Sft rates on Packages refer to the cost per square foot for different contract packages.

• Per Sft rates are used to determine the cost of each square foot in a contract package.

• These rates can vary based on the type of package and the included services.

• For example, a construction contract package may have different per Sft rates for labor, materials, and overhead costs.

Rate analysis for flooring involves calculating the cost of materials, labor, and overhead for installing flooring in a specific area.

• Calculate the total area of the flooring to be installed

• Determine the cost of materials needed for the flooring (e.g. tiles, wood, carpet)

• Estimate the labor cost based on the type of flooring and complexity of installation

• Include overhead costs such as equipment rental or transportation

• Divide the total cost by the area to get the rate per squar...read more

Rate analysis for plaster involves calculating the cost of materials, labor, and overhead for plastering work.

• Rate analysis for plaster includes determining the quantity of materials needed for plastering, such as cement, sand, and water.

• Labor costs for plastering work should be calculated based on the number of workers required and their wages.

• Overhead costs, such as equipment rental and transportation expenses, should also be factored into the rate analysis.

• The total cost o...read more

Budget delegation of approval refers to the process of assigning authority to approve budgets to specific individuals or positions.

• Budget delegation of approval helps streamline decision-making processes within an organization.

• It ensures that budgets are approved by individuals with the appropriate level of authority and expertise.

• Examples of budget delegation of approval include assigning budget approval authority to department heads or finance managers.

• Clear guidelines and ...read more

The commute to work is convenient and manageable.

• I live within a reasonable distance from the office

• There are multiple transportation options available

• Traffic congestion is minimal during my commute

• I can easily access major highways or public transportation

• I have flexibility in my work hours to avoid peak traffic times

Yes, willing to allocate to Dubai

• I am willing to relocate to Dubai for the position

• I have experience working in international locations

• I am excited about the opportunity to work in Dubai

Standard operating procedures are established guidelines for carrying out routine operations in an organization.

• Standard operating procedures outline step-by-step instructions for completing tasks.

• They ensure consistency, efficiency, and quality in operations.

• Examples include procedures for handling contracts, resolving disputes, and managing vendor relationships.

The type of industry I have experience in includes construction, manufacturing, and technology.

• Experience in negotiating contracts in construction industry for building projects

• Familiarity with manufacturing industry contracts for production and supply agreements

• Knowledge of technology industry contracts for software licensing and service agreements

Understanding of ERP system operation is essential for effective contract management.

• Knowledge of how to navigate the ERP system to access contract information

• Ability to input and update contract data accurately in the ERP system

• Understanding of how to generate reports and analyze data within the ERP system

• Experience with troubleshooting and resolving issues within the ERP system

• Training team members on how to use the ERP system for contract management