Construction Law

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Construction Law. The essay is to be 8 pages with three to five sources, with in-text citations and a reference page.This assignment intends to critically discuss the different structure and options in setting up and implementing a contract for construction procurement. The focus of this essay is primarily on one company that is typically decentralized without particularly strict headquarters’ control. This sector is chosen for the particular difficulties any procurement organization would likely face chief among which, is the perennial question about decision making and whether it is done centrally or locally. As an advisor, it is suggested by the researcher 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 concluded that balance sheets are taking a severe toll worldwide and liquidity is ever harder to come by especially since lending had virtually frozen. This combination of reduced liquidity, more difficult lending terms 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 identified 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 excellent architect, an excellent contractor, and an excellent accountant.

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