Identifying the Arbitrator in Public Works
An arbitrator is a neutral third party appointed to resolve disputes between parties involved in a contract or project. In the context of a public work department, this role is crucial for ensuring projects proceed smoothly and disagreements are settled fairly.
Role of Superintending Engineer
Within the public work department structure, the Superintending Engineer often functions as an arbitrator. This position holds significant authority and responsibility, making them suitable for overseeing and adjudicating disputes that may arise during public works projects.
The Superintending Engineer's involvement typically comes into play when disagreements arise regarding contract terms, project execution, or quality standards. Their role is to review the evidence, hear arguments from both sides, and make a binding or non-binding decision to resolve the conflict.
While other roles like Chief Engineers oversee broader policy and management, and Junior Engineers or Supervisors handle day-to-day technical execution, the Superintending Engineer is positioned at a level where arbitrating disputes becomes a key function.
Important Questions from Project Management
Factors which govern the operating cost of an equipment are :
1. Purchase price of the equipment
2. Depreciation due to regular use
3. Cost of operation, maintenance and repairs
Which of the above statements are correct ?
In Emerson's efficiency plan of wage incentive system, the bonus is paid to-
Match List I with List II
LIST I
(Project Network concepts)
LIST II
(Underlying meaning)
A. Crashing an activity I. Length of the longest path through the project network B. Project Network II. It shows the time and cost when the activity is fully crashed C. Critical path III. It consists of a number of nodes and a number of arcs that connects two different nodes D. Crash point IV. Taking special (costly) measures to reduce the duration of an activity below its normal value Choose the correct answer from the options given below:
The following statements relate to project network. Choose the correct code for the statements being correct or incorrect.
Statement I: An activity cannot be represented by more than one arrow, but an arrow can represent one or more activities.
Statement II : The activities in a critical path can be preponed or postponed.
A public limited company has 9,00,000 shares outstanding at current market price of Rs. 130 per share. The company needs Rs. 2.25 crores to finance its proposed new project. The board of the company has decided to issue rights shares to raise the required money at Rs. 75 per share (as subscription price) to ensure that the rights issue is fully subscribed. How many rights are required to purchase a new share ?
