FBH Contract Management Quiz

What is the 'Full By the Hour' concept primarily used for?

• Train maintenance

• Building maintenance

• Aircraft maintenance

• Car maintenance

What is one of the key features of the 'Full by the Hour' concept related to billing?

• Costs are based on the size of the aircraft

• Costs are fixed regardless of usage

• Costs are based on a monthly subscription

• Costs are directly tied to the number of flight hours

What is a benefit of the 'Full by the Hour' concept related to cost efficiency?

• Increases overall maintenance costs

• Aligns maintenance costs with aircraft usage

• Leads to unpredictable maintenance budgets

• Reduces the need for maintenance planning

What is a key component of Strategic Contract Management in the context of the FBH model?

• Inventory management

• Customer service

• Marketing strategies

• Performance monitoring

What is a focus of Relationship Management in FBH Contract Management?

• Transactional relationships

• Long-term partnership mindset

• Short-term collaboration

• Limited communication

What is the duration of the warranty in FBH Contract Management?

• 1 year

• 6 months/500 hours after delivery

• 2 years

• No warranty provided

What type of report is required monthly in FBH Contract Management?

• Initial configuration report

• Removal forecast

• Flight hour report

• Quarterly audit report

What is the penalty for not meeting the performance target in FBH Contract Management?

• No penalty

• 5% of the contract value

• Seller's liquidated damages

• 10% of the contract value

What is the significance of regular audits in FBH Contract Management?

• To ensure compliance with contractual terms

• To increase operational costs

• To delay maintenance schedules

• To reduce supplier negotiations

What role does risk assessment play in the Contract Lifecycle Management process of FBH Contract Management?

• To ignore potential issues

• To align maintenance costs

• To increase operational metrics tracking

• To mitigate potential risks