An Introduction to Contract Choice (Part 1)
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The aim of this three part series of courses is to explain briefly how standard forms of contracts are to be chosen. Developing an effective contract strategy that supports the client's objectives and allocates risks to those best able to control them, is critical to delivering a project successfully.
After studying this course, you should be able to:-
1. Explore how the procurement decisions impact on the particular contract to be used, in particular the use of standard contracts.
2. Describe the legislation for the industry, similar projects demand similar contracts, equitable distribution of risk, difficulty of understanding contract complexities, the purpose of contract documentation, appropriateness of contract form and contract drafting.