Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Your company PKs Construction has just awarded a tender to Acies Concretes for a 3 year project. Your company is busy building new community centres

Your company PKs Construction has just awarded a tender to Acies Concretes for a 3 year project. Your company is busy building new community centres in 3 different regions and Acies will be providing all the concrete mixers as well as concrete and 50% of the labour to do all the paving of the parking lots at the community centres. Acies were awarded this tender due to the following: - They had the lowest price - They only require 50% of your labourers as they will provide their own too. - They have branches at all the regions where you plan to build - They have been in business for over 12 years - They had great recommendations from other companies where they did similar projects You are the contract manager for this project. Answer the below question related to the above:

3. What type of contract could you write up for Acies? Explain your reason for choosing this type of contract.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Real Estate Finance Theory And Practice

Authors: Terrence M. Clauretie, G. Stacy Sirmans

4th Edition

032414377X, 978-0324143775

More Books

Students also viewed these Finance questions

Question

6. Discuss potential of social media for revenue boosting

Answered: 1 week ago