|Central Queensland University UniLearnO is not sponsored or endorsed by this college or university.
|Subject Code :
1. Literature review and identification of key risks and opportunities for contract administration of Australian construction projects. This includes contract price and delivery options as well as selection of insurances. Context: Your business has been the successful bidder for the construction of a community hub in a suburban area. This 04-story building will include a library, community centres and leisure centres. In addition, there will be a carpark and an amphitheatre. You have provided a Cost-Plus contract price with additional percentage fee for your overheads and profit margin. This was calculated based on the initial design drawings, preliminary bill of quantities and specifications prepared by the Architect.
The local council would now like to engage you as construction contractor with a Lump Sum contract fee in order to fix the price for the works and including your fees and overheads. This will allow the council to apply for government funding and prepare their financial budgets and cost plans. After a comprehensive risk assessment, your team has identified that the carpark and amphitheatre constructions are relatively simple, and your company has wealth of experience in delivering similar projects. Due to the integration of multiple SDGs published by the United Nations, the rest of the project is unique and complex. Therefore, your general manager has requested you to draft a hybrid contract proposal between Lump Sum contract fee and Cost-Plus contract price with additional percentage fee.
a) Research on the challenges and opportunities associated with Cost Plus Fee and Lump Sum’ contracts. Evaluate their applicability to the given scenario
b) Identify insurances that the builder should obtain to deliver this project aligned with the provisions of suitable Australian Generic Standards of Contracts. Research and evaluate why these are important.
c) Provide your research of academic and industry resources for Part 1a and 1b as intext references and prepare an alphabetical bibliography at the end of this section.
This BLCN28003 - Management has been solved by our PhD Experts at Unilearno. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK and US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics and referencing style.
Be it a used or new solution, the quality of the work submitted by our assignment experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose a new assignment solution file to get yourself an exclusive, plagiarism (with free Turnitin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction.
Eureka! You've stumped our genius minds (for now)! This exciting new question has our experts buzzing with curiosity. We can't wait to craft a fresh solution just for you!