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You are the project manager at a financial services company. Your company has awarded a CPFF (cost plus fixed fee) contract to XYZ Corp, ?

a financial consulting company, to develop a comprehensive workstation offering real-time advanced charting, decision support tools, and portfolio management. The terms and conditions of the contract explicitly stipulate that XY Corp must provide weekly status reports and performance reports regarding the project work. However, the seller has failed to provide any status report for the past3 weeks. Which of the following is the BEST action to take? A. Issue a change order B. Issue a letter of default C. Issue a stop work order to XYZ Corp, until the missing status reports are prepared D. Alert the management team E. Half payments until the missing status reports are prepared

Procurement Contract Management Contracts Review Project Management Human Resources
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Question added by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
Date Posted: 2019/04/24
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Mohammad Aleswed
by Mohammad Aleswed , Business Development Executive , Al-Halees Center

Good Day Sir, Thank you for your invitation to answer the question. Since three reports have been missed, I would consider many factors before issuing a letter of default or a stop work order. The company's profile will decide on that. An alert to the management team is my go to first in such cases reminding them of the terms and conditions we both singed for. Regards

Muhammad Farooq
by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.

B. Issue a letter of default -------------

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