Real Estate Law Midterm Exam Name: Required: Please write short essay answers (no lists). Any sources are OK. Footnotes NOT required. 2 Essay Questions 50% each. Suggested Length: About 2-3 typed pages each or longer email to jurinski@up.edu) Due Date: Start of Class Monday. October 26, 2022 ESSAY #1 (50 pts) Because of expansion and increasing rents in Portland, your employer has decided to build its own headquarters. The organization has always operated out of rented offices. The CEO has learned that you have completed a course in Real Estate Law and seeks your opinion: CEO: "I understand you have a good working knowledge about real estate development. I'm getting a lot of contrary information from architects, contractors and our regular outside advisers and I want to make sure we make the right decision for us, going forward with this project. I'm confused about the nuts and bolts of how this all works. Write me up a memo that I can share with our board.\" Required: Write a two-three page memo answering (label the answer a-b-c-d-e): a. How the Design/Bid/Build process works, and include a discussion of whether this process has been common for both for-profit and non-profit real estate developments. b. Why the Design/Bid/Build process is used (what advantages does it have for your organization?), but also what are its draw-backs (be specific)? c. How the \"Design/Build" process works, and explain its advantages and disadvantages (be specific). d. Describing how the "Integrated Project Delivery" (IPD) process differs from the first two systems. e. What you anticipate will be the most likely cause of construction dispute claims as the building is designed and built, and moved into