SRQ763 | Legal Risk Management Assignment 1 | Management

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Contracts are important for establishing the relationship and responsibilities of the parties involved on a construction contract. They also help to apportion risks between the parties and manage performance.
• In a well-referenced essay, review the importance of choosing ‘right-for-purpose’ contracts to adequately deal with the type of risks expected on different projects. Support your essay with appropriate scenarios or examples.
• Discuss the limitations of construction contracts in reducing ‘opportunistic’ and ‘adversarial’ behaviour on traditional fixed-price design-bid-build projects. Design-bid-build here refers to projects where the different parties are engaged to undertake the design and construction parts of the contract.

What you will learn from this task is how to appraise a project from a legal/contractual perspective. It will also help you understand the relationship between different types of projects, the possible risks they might present as well as the dynamics of transactional contracts and effective collaboration and project delivery. This will help you in your future career when you need to prepare and administer contracts for a construction project.

The assignment should be presented in an essay format and fully referenced in the Author-Date (Harvard - DU) style and submitted as a single A4 pdf document. Work submitted in other formats will not be marked.
This report is to be no more than 2000 words excluding references.

Students enrolled online should ensure they read all available materials and listen to recordings of the classes. Any materials used in seminars will be uploaded to the Cloud but there will be no recording provided. Students should attend BbCollaborate sessions as scheduled to ensure they understand the content and requirements of the assignment.

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