Paper 2 Essay Example | Topics and Well Written Essays - 750 words - 5

Paper 2 - Essay Example Instructions to be followed by the bidders in terms of submission of documents will be sated. Tender response will compose of all the questions to be asked by the bidders and answerers by the bidder. The tender will compose if the declarations to be signed by the bidders. The certificate of non-alignment will be signed whereby the bidder will declare that he has not merged with any other bidder for the tender. Finally, there will be the draft of the proposed tender. The tender may be restricted, negotiated or open as per the tendering guidelines. Restricted tenders will have a pre-qualifying questionnaire (PQQ) that will cover the organization, financial details, environmental policies, technical information, health and safety policies of the bidder. The PQQ will be done before the invitation to tender (ITT) in the determination of quality and price basis. Any successful bidder should avail all the required information. Moreover, he should appropriately and correctly answer all the questions. Finally, the bidder should return the needed information at the speculated time. Award of the contract will be awarded after weighing several criteria mainly experience, quality, implementation timetable, pricing schedule, tax clearance certificates, financial stability and suitability. Provided that there will be no challenges encountered, the successful; bidder will be awarded after the contact after 10 days. Unsuccessful bidders will be informed with presence or absence of viable reasons as to why they were not considered. Thereafter, the selected bidder will sign a contract as per the tendering documents. The infrastructure strategy has three main parts mainly operating system, hardware and the networks. The strategy should ensure that the organization is provided with high computing and performance power with a strong bandwidth that is achievable at the lowest cost possible (ECU. 2011, p. 1). The application

Financial crisis and the dilemma of business ethics by focusing on the Essay

Financial crisis and the dilemma of business ethics by focusing on the element of trust - Essay Example Full Lang and Jagtiani (295-316 indicate that the desire to avoid a financial crisis is one reason that the economists tolerated ongoing financial crisis for years and continues to play its role by shifting the level trust of individuals. Meanwhile, financial crisis was caused by increase in government purchases and the massive mobilization of the resource caused by lack of corporate governance. Failure of corporate governance caused many banking institutions to lack transparency and accountability that caused the turndown of the economy. As result, the risk management and financial firms were functioning without any regulatory mechanism due to the failure of corporate governance responsibility. Prassas (40-44) claims that the reason for the crisis was caused by the distortions and incentives caused by the poor regulatory mechanism that affected the individual mortgage because banks changed the balance sheet mortgage securitization. Reinhart and Rogoff (1676-1706) claim that the investors and mortgage rating agencies failed to accurately price the risk attached with the mortgage products that resulted in the financial crisis. The reason for the current financial crisis is as result of prolonged credit expansion in most of countries that caused the increase in cyclical fluctuations in the economy market. In additional, the extravagant lending of banks that allowed greedy borrowers to purchase overpriced properties that they could not afford was one reason for financial crisis. Therefore, when these borrowers were unable to pay back their mortgage, the delinquency and foreclosures rates would not be avoided by lenders. As result, this affected the mortgage market that lead to the failure of fundamental organizations like Bear Stearns, Fannie Mae and Freddie Mac. According to Akay (260-273), this demand led to effect on the various metropolitan places that violated the microeconomic