Question
Identify and analyse the legal benefits and challenges that the project might experience from each of the following types of contracts: 1- Stipulated or lump-sum
Identify and analyse the legal benefits and challenges that the project might experience from each of the following types of contracts:
1- Stipulated or lump-sum contract
2- Cost of work plus fee contract
3- Cost of work plus fee with guaranteed maximum price (GMP) contract
4-Construction management (CM) contract
5-Design-build or design-and-construct (D&C) contract
6- Explain what you would do to mitigate any potential challenges of these contract types and which of these contracts would you recommend for the Brisbane Olympic Games project? Explain why.
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