Inspection and acceptance committee (IAC)

1. An accounting officer of a procuring entity may establish an ad hoc committee known as the inspection and acceptance committee. Inspection and acceptance committee. 2. The inspection and acceptance committee shall be composed of a chairman and at least Read More …

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WHO MAY INSPECT, FROM WHERE

Sampling inspection – in simplest form, acceptance sampling decisions are based on testing of samples taken from a batch. If the rejection condition is indicated, it is usual to carry out 100% inspection of the batch. in general, acceptance sampling Read More …

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EMPLOYEE ATTITUDES ABOUT BENEFITS.

EMPLOYEE ATTITUDES ABOUT BENEFITS. Research reported in the journal, Personnel Psychology, suggests that employees only understand and appreciate between 31 and 68 percent of the cost or market value of the benefits they receive. Not all benefits plans succeed in Read More …

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BENEFITS

BENEFITS Introduction. Employee benefits, sometimes called fringe benefits are those rewards that employees receive for being members of the organisation.  Benefits are elements of remuneration given in addition to the various forms of cash. They also include items that are Read More …

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FACTORS AFFECTING WAGE PAYMENT SYSTEMS.

FACTORS AFFECTING WAGE PAYMENT SYSTEMS. Trade Unions The employer Legislation Third Party (including the Judiciary) Pay commissions.   TRADE UNIONS – Wages are usually determined in business and industrial organizations through bipartite negotiations between representatives of recognized unions and the Read More …

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WAGE PAYMENT SYSTEMS

WAGE PAYMENT SYSTEMS INTRODUCTION An important requirement of all employees is an adequate wage or salary which is commensurate with the responsibilities and duties involved. The term wage is used to refer to pay directly calculated on the basis of Read More …

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Contract Payments

It is very important for the contactor to perform the contract satisfactorily, similarly it is important for the procuring entity to make payments to the contractor, timely and according to the contract requirements. Payments should not be made unless the Read More …

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CONTRACT REVIEW

In large procurement contracts it is good practice after the contract is completed to conduct a contract close-out review. This should be done by the contract management team. The review should consider the following: The timeliness of contract performance. Cost Read More …

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CONTRACT REVIEW REPORTS

In large procurement contracts the contract management plan should provide for review meetings. Review meetings are held periodically as found necessary for the purpose of face to face communications of contract performance and discussing the way forward and preparing status Read More …

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