BSR609 Professional Practice I UITM Assignment Sample Malaysia

BSR609 Professional Practice I is a course offered by the School of Business and Economics at UITM. The course is designed to provide students with an understanding of professional practice in business and economics and to prepare them for entry into the workforce. The course covers a range of topics, including the legal and regulatory environment, ethics, communication, and teamwork.

Assignment Task 1: Identify the various contract forms and contractual arrangement.

There are many different types of contracts and contractual arrangements, depending on the nature of the agreement and the parties involved. Here are some common contract forms and arrangements:

1. Express Contract: A contract that is created through written or spoken words.
2. Implied Contract: A contract that is created by the conduct of the parties involved, rather than through written or spoken words.
3. Unilateral Contract: A contract in which one party promises to do something in exchange for the other party’s performance.
4. Bilateral Contract: A contract in which both parties promise to do something in exchange for the other party’s performance.
5. Executed Contract: A contract that has been fully performed by both parties.
6. Executory Contract: A contract that has not yet been fully performed by one or both parties.
7. Fixed-Price Contract: A contract in which the price is agreed upon before work begins, regardless of how much it actually costs to complete the work.
8. Cost-Plus Contract: A contract in which the price is based on the actual cost of the work plus an additional fee for the contractor’s profit.
9. Time and Materials Contract: A contract in which the price is based on the actual time and materials used to complete the work.
10. Lump-Sum Contract: A contract in which a single price is agreed upon for the entire project, regardless of how much it actually costs to complete the work.
11. Master Agreement: A contract that establishes the terms and conditions for future transactions between the parties involved.
12. Framework Agreement: A contract that sets out the terms and conditions for a long-term business relationship between the parties involved.
13. Service Level Agreement: A contract that establishes the level of service to be provided by one party to another.
14. Non-Disclosure Agreement: A contract that requires one or both parties to keep confidential information secret.
15. Partnership Agreement: A contract that sets out the terms and conditions for a partnership between two or more parties.

Assignment Task 2: Evaluate the prepare tender reports.

Preparing tender reports is an important step in the procurement process as it provides a comprehensive assessment of the tender submissions received from potential suppliers. The tender report is a key document that helps the evaluation team and decision-makers in selecting the best supplier(s) for the project. Here are some key aspects to consider when evaluating the preparation of tender reports:

1. Clarity and completeness of the report: The tender report should be clear and comprehensive, providing all the relevant details of each tender submission, including the evaluation criteria used, scores awarded, and any relevant comments or feedback from the evaluators.
2. Objectivity and fairness: The report should be objective and impartial, providing an unbiased assessment of the tender submissions, without any favoritism or bias towards any particular supplier.
3. Compliance with procurement policies and regulations: The tender report should comply with all applicable procurement policies and regulations, including any legal or regulatory requirements.
4. Timeliness and accuracy: The report should be prepared and submitted in a timely manner, reflecting accurate and up-to-date information on the tender submissions.
5. Communication and collaboration: The report should be prepared in consultation with all relevant stakeholders, including the evaluation team, decision-makers, and other project team members.

Assignment Task 3: Explain the principles of property investment and valuation.

Property investment refers to the purchase and ownership of real estate assets with the goal of generating income or increasing wealth over time. Valuation, on the other hand, refers to the process of determining the value of a property.

Here are some principles of property investment and valuation:

1. Location: One of the most important factors to consider when investing in property is location. Properties in areas with high demand, good infrastructure, and proximity to amenities are generally more valuable and likely to provide better returns on investment.
2. Cash flow: Cash flow is another important consideration when investing in property. A property that generates positive cash flow is one where the rental income exceeds the expenses associated with owning and managing the property, such as mortgage payments, property taxes, insurance, and maintenance costs.
3. Return on investment: Investors need to consider the potential return on investment when investing in property. The ROI can be calculated by dividing the net income generated by the property by the total investment made. A higher ROI means a better return on investment.
4. Market trends: Property investment is also affected by market trends, such as changes in interest rates, economic conditions, and demographic shifts. Investors need to stay informed about market trends to make informed investment decisions.
5. Valuation: Valuation is the process of determining the value of a property. Factors that influence the value of a property include location, condition, size, amenities, and market demand. Valuation can be done using different methods, such as the income approach, cost approach, and market approach.

Assignment Task 4: Define the application and methods of valuation.

Valuation is the process of estimating the worth or value of an asset or an entire business. This is important for many purposes, including mergers and acquisitions, selling a business, securing financing, and making investment decisions. Valuation involves analyzing various factors that contribute to the value of the asset or business, such as financial statements, market trends, and industry conditions.

Applications of valuation include:

1. Business valuation: Valuation is used to determine the worth of a business, which is important in situations such as mergers and acquisitions, raising capital, or selling a business.
2. Asset valuation: Valuation is used to determine the value of specific assets such as real estate, equipment, or intangible assets like patents or trademarks.
3. Financial valuation: Valuation is used to determine the value of financial instruments such as stocks, bonds, or derivatives.

Methods of valuation include:

1. Comparable company analysis: This method involves comparing the target asset or business to similar assets or businesses in the same industry. Valuation is based on metrics such as price-to-earnings ratio, price-to-sales ratio, or enterprise value-to-EBITDA ratio.
2. Discounted cash flow analysis: This method involves estimating future cash flows and discounting them to their present value. This method is useful for valuing assets or businesses that generate predictable cash flows.
3. Asset-based valuation: This method involves determining the value of assets minus liabilities. This is useful for valuing tangible assets such as real estate or equipment.
4. Option pricing models: This method involves valuing financial instruments such as options or derivatives using mathematical models that take into account factors such as volatility and time to expiration.

There are also hybrid methods that combine multiple valuation techniques to provide a more accurate estimate of an asset or business’s value. Ultimately, the choice of valuation method depends on the type of asset being valued, the purpose of the valuation, and the availability of data.

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