Reference no: EM132682654 , Length: word count:2400

218.311 Construction Contract And Financial Administration - Massey University

Question 1. Discuss the key principles of ‘fixed-contract', ‘time and materials contract' and ‘cost-plus' contract and explain when you best use this contract type in construction projects.

Question 2. Select one construction contract form. You can use either a standard contract form or a bespoke contract form.

Identify the contractual clauses that relate to the functions of a contract administrator. Explain the roles of a ‘contract administrator' in respect of the contract administrator's ‘name' in the contract (e.g. Engineer, Architect, Superintending Officer), and the extent of the contract administrator's duties in respect of time, variation, payment and termination obligations in the selected contract. You MUST cite the number and the title of the clauses that you referred to in your discussion. Please do not copy and paste the whole clause in your discussion.

Also, discuss and explain the challenges faced by a contract administrator as the client's agent and an independent professional.

Question 3. Select one construction contract form. You can use either a standard contract form or a bespoke contract form.

Perform contractual risk assessments on clauses that may relate to the effects of COVID-19 in construction projects. The assessment must cover the risks from both the client's and the contractor's perspectives. You MUST cite the number and the title of the clauses that you referred to in your risk assessment. Please do not copy and paste the whole clause in your assessment.

Attachment:- financial administration.rar