Contractual and Financial Management: For any project undertaken using “partnering” there is no guarantee that it will prove to be a success

    Question -1
    For any project undertaken using “partnering” there is no guarantee that it will prove to be a success, as partnership evolves and its parameters are rarely completely clear at first, also trust takes time to develop and become established. Give a Critical review of the statement.

    Question – 2
    A ‘Framework contract’ is a long term procurement strategy with clients securing the services of quality contractors at a time when they were in short supply by offering the possibility of a steady supply of future work. When the boom is over with austerity measures are in place, and contractors are competing ferociously for business, there would be implications that might affect the client’s long term procurement strategies. Critically review these outcomes.
    Question – 3
    The concepts of allocation of risk and commercial balance are very useful tools for analysing building contracts and deciding which type to recommend. Some employers want control over the end result and time certainty at a reasonable fixed cost which may not be realistic. Critically analyse the statement and support your argument with evidence.

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