The objective of this week’s topic is to make sure you have a broad understanding of commercial...

Question

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 this 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?

Australia National Audit Office XXXXXXXXXXtry to explain:

4. What benefits flow from the formalisation of the contract process?

Kerzner XXXXXXXXXXChapter 19 Contract Management try to explain:

5. How important is the type of contract for governing contractor and buyer behaviours?

Law handbook & Wikipedia Australian Contract Law try to explain:

6. What needs to be in place for a contract to exist?

PMBOK XXXXXXXXXXChapter 12 Project Procurement Management try to explain:

7. How much interaction is there between the other knowledge areas and the procurement processes?

Government Procurement Rules try to explain:

For an organisation selling to government, is it possible to standardise the sales, procurement, and response process?

Arindam · Accepted Answer

Commercial Planning and Commercial Project
Table of Contents
1. What is the spectrum of Contractual Arrangements?	2
2. What are the legal conditions for a Contract?	2
3. What kind of contracts existed in the Channel Tunnel?	2
4. What benefits flow from the formalisation of the contract process?	2
5. How important is the type of contract for governing contractor and buyer behaviours?	3
6. What needs to be in place for a contract to exit?	3
7. How much interaction is there between the other knowledge areas and the procurement processes?	3
8. For an organisation selling to the government, is it possible to standardise the sales, procurement, and response process?	3
Reference Lists	4
1. What is the spectrum of Contractual Arrangements?
The spectrum of contractual arrangements provides interpretation and advice to assist the present relationship and responsibilities between parties and various clients who are engaged in constructing a project. It defines the policies d the characteristic that will assist the usage of the contractual agreements required for the construction services, goods and acquisition of merchandises (Fernandes and Chamusca, 2014).
2. What are the legal conditions for a Contract?
The legal conditions for a Contract are that it must have a legitimate objective and the parties involved in must have mutual agreements for establishing it as a viable contract. Both the parties involved in signing the contract should be competent. The assent must be genuine enough. If a party breaches a contract, then he is punishable under the right eye. He will be, sued for the damaged that he caused (Johnson, 2014).
3. What kind of contracts existed in the Channel Tunnel?

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 this week’s...

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