Author: KNEC notes and Past Papers

Explain the nature and advantages of commercial arbitration as a means of settling disputes. Arbitration is is a dispute resolution mechanism whereby disputes are settled of court by arbitral tribunals which make arbitral awards as opposed to judgement. This mechanism Read More …

Define Statute law and discuss its advantages Statute law is a law made by parliament directly in exercise of legislative power conferred upon it by the constitution. For example Judicature Act, Kadhis Court Act, Companies Act. Statute law is recognized Read More …

Debriefing refers to disclosing of confidential information upon request by an unsuccessful tenderer. Information requested for debriefing may include reasons for not selecting, advantages other tenderers had over him, names of bid winners etc. Legally, debriefing information may only be Read More …

A tender or bid is a formal offer to supply goods or services for an agreed price. Tendering is a method of locating and identifying the potential and significant supply sources in the market by inviting them to come forth Read More …

The interested eligible supply sources respond by obtaining the tender documents from the procuring entity, which they complete and submit back in accordance to the tender instructions. Upon opening of the completed and submitted back tender documents, the procuring entity Read More …

TYPES OF PROJECT TENDERS a) Open tendering Open tendering may be national or international depending on the market supply capacity. In open tendering, any willing supply source is free to treat the offer. Open tendering whether national or international is Read More …

TECHNIQUES APPLIED IN PROJECT PLANNING Much of the technical contents of the project plans is derived from the basic tools or techniques hereunder: Work breakdown structure and work packages-Used to define the project works and breakdown of specific tasks. Responsibility Read More …

Causes of failures or constraints in project planning Project planning may fail due to one or more of the reasons or constraints hereunder: Failure to understand and interpret the project objectives accurately by the stakeholders. Inadequate funding that may lead Read More …

Before considering how to plan a project, we should decide why we are planning and what information the plan should address. The project plan should be designed in such a way that the project outcome also meets the objectives of Read More …

Generally, the following are the commonest types of project plans namely: BUDGET PLAN. These are the estimates of the expenditures to be incurred in implementing the project activities giving specific breakdown of a cost apportioned to a particular project activity. Read More …