Construction Law Assignment Example | Topics and Well Written Essays - 2000 words

Construction Law - Assignment ExampleThis assignment intends to critically discuss the different structure and options in setting up and implementing a contract for construction procurement. The condense of this essay is primarily on one company that is typically decentralized without particularly strict furnish control. This sector is chosen for the particular difficulties any procurement organization would likely face chief among which, is the recurrent question about decision fashioning and whether it is done centrally or locally. As an advisor, it is suggested by the detective to hire three new people immediately. These three people would be an architect, a contractor, and an accountant, their importance, actions and duties is discussed in the assignment. It is think that balance sheets are taking a severe toll worldwide and liquidity is ever harder to pass off by especially since lending had virtually frozen. This combination of reduced liquidity, more difficult lending cost and the deteriorating trading environment in the wake of the recession in developed countries and creeping regulatory restrictions is making companies the world over to focus sharply on their procurement functions. While procurement has long been set as an important contributor to operational performance in construction, it is widely overshadowed by more bottom-line or customer oriented functions like marketing and sales. That is why, with such projects, it is important to have an comminuted architect, an excellent contractor, and an excellent accountant.