The objective of this week’s topic is to make sure you have a broad understanding of commercial planning and commercial projects.
Try to ask yourself the questions that were posed in the 10th week’s lecture :-
1.What is the spectrum of Contractual Arrangements?
2.What are the legal conditions for a Contract?
3.What kind of contracts existed in the Channel Tunnel?
4.What was the impact of some of those Contracts?
5.What do others say about Contracts?
Australia National Audit Office (2012) try to explain:
6.What benefits flow from the formalisation of the contract process?
7.How hard is the process and what training is required?
8.Do organisations really implement this?
9.What kind of organisations?
Kerzner (2013) Chapter 19 Contract Management try to explain:
10.How important is the type of contract for governing contractor and buyer behaviours?
11.What is the relationship between the contract and ownership of risk?
Law handbook & Wikipedia Australian Contract Law try to explain:
12.What needs to be in place for a contract to exist?
13.Can any element be absent for the contract to be still valid?
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