Contractual Arrangements in Commercial Projects - PPMP20011 Portfolio Template for Week 10

This week's topic focuses on contractual arrangements in commercial projects. The objective is to have a broad understanding of commercial planning and projects. The readings include Peña-Mora F., Tamaki T., Kerzner, Law handbook, Wikipedia Australian Contract Law, PMBOK, and more. The summary of the text includes answers to questions posed in the lecture, such as the spectrum of contractual arrangements, legal conditions for a contract, type of contracts in the Channel Tunnel, benefits of formalization of the contract process, importance of the type of contract for governing contractor and buyer behaviors, and interaction between procurement processes and other knowledge areas.

(Insert Student Name) / (Insert Student Number) - PPMP20011Portfolio Template for Week 10
PPMP20011 Portfolio Template – Week 10
Description of
topics including
reading samples
Learning outcomes
of the unit
Learnings from your experience, this and prior unit reading,
assignments
Supporting
documentation
including your prior
learning
Week 10 Topic:
Contractual
Arrangements in
Commercial Projects.
Case Study for the
Chunnel Project;
Australia National
Audit Office (2012)
Developing and
Managing Contracts -
Getting the right
outcome, achieving
value for money;
Kerzner (2013) Chapter
19 Contract
Management;
Law handbook;
Wikipedia Australian
Contract Law;
PMBOK (2013) Chapter
12 Project Procurement
1. Describe the
operation of diverse
and complex
government and non-
government project
contractual
arrangements
relevant to a range of
managed services,
ICT, and build
agreements.
The objective of this week’s topic is to make sure you have abroad
understanding of commercial planning and commercial projects.
Try to ask yourself the questions that were posed in this week’s lecture :
1. What is the spectrum of Contractual Arrangements?
The spectrum of contractual arrangements mainly reflects on the policy as well
as legal term. In addition to this, it is found that this mainly includes proper
information that are associated with the public sectors that mainly involves with
the acquisition of various types of good and services that are generally
associated with the construction services.
2. What are the legal conditions for a Contract?
It is found that the legal conditions that are mainly associated with the contract
mainly contains some of the two important elements which are generally found
to be legally valid. Furthermore, it is quite necessary that all the parties must be
engaged with the agreement must be made with the help of one of the parties.
3. What kind of contracts existed in the Channel Tunnel?
In the project Channel tunnel, design bid build type of project contract generally
exists that further helps in finishing the work of the project very much
effectively.
Australia National Audit Office (2012) try to explain:
4. What benefits flow from the formalisation of the contract process?
It is found that there are number of benefits that generally flow from the
formalisation of various types of contract process. It is found that contract
formalization helps in giving both the individuals as well as business with proper
legal documents. This legal document generally provides proper details about
the expectations of the parties as well as how the complexity that is mainly
associated with the project can be resolved very much effectively. Additionally,
it is quite important to give appropriate facility of training for completing the
Peña-Mora F., and
Tamaki T. 2001. "Effect of
Delivery Systems on
Collaborative
Negotiations for Large -
Scale Infrastructure
Projects”. Journal of
Management in
Engineering. Vol:April
2001 pp.105-121
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(Insert Student Name) / (Insert Student Number) - PPMP20011Portfolio Template for Week 10
Description of
topics including
reading samples
Learning outcomes
of the unit
Learnings from your experience, this and prior unit reading,
assignments
Supporting
documentation
including your prior
learning
Management;
Procurement Rules
- Australian;
- Victorian;
- WA;
- NSW;
- QLD;
- USA.
Guardian News article
7th April 2004 Deep in
debt.
project work that is mainly related with the project.
Kerzner (2013) Chapter 19 Contract Management try to explain:
5. How important is the type of contract for governing contractor and
buyer behaviours?
It is found that there are different types of contracts that are mainly associated
with the governing contractor as well as the behaviour of the buyers. It is
identified that contract is a verbal or written agreement for completing a work
in exchange of some of the benefits. It is found that as the project generally
varies and therefore in order to deal with the governing contractor as well as
with the behaviour of the buyers it is necessary to follow contract as per the
project type. This generally helps in achieving the goal and objectives of the
project.
PMBOK (2013) Chapter 12 Project Procurement Management try to explain:
6. How much interaction is there between the other knowledge areas and
the procurement processes?
It is found that the level of interaction that is generally required within the
procurement management as well as other knowledge areas as different. It is
found that the level of interaction that is generally required within the
procurement process is much more. As proper interactive procurement
processes are generally helpful inn opening the ways of communication that are
further helpful in providing proper benefit to the project in order to achieve the
goals and objectives of the project.
Government Procurement Rules try to explain:
7. For an organisation selling to government, is it possible to standardise
the sales, procurement, and response process?
No, for the organization that is generally selling to the government, it is
generally not possible to standardize the procurement, sales as well as the
entire response procedure.
Kerzner H. 2013.Project
Management: A Systems
Approach to Planning,
Scheduling, and Control,
11th Edition. Hoboken,
USA: John Wiley & Sons
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(Insert Student Name) / (Insert Student Number) - PPMP20011Portfolio Template for Week 10
References
Kerzner H. 2013.Project Management: A Systems Approach to Planning, Scheduling, and Control, 11th Edition. Hoboken, USA: John Wiley & Sons.
Peña-Mora F., and Tamaki T. 2001. "Effect of Delivery Systems on Collaborative Negotiations for Large -Scale Infrastructure Projects”. Journal of
Management in Engineering. Vol:April 2001 pp.105-121
PMI. 2013a.A Guide to the Project Management Body of Knowledge (PMBOK Guide) 5th Edition. USA: Project Management Institute.
Wikipedia Channel Tunnel https://en.wikipedia.org/wiki/Channel_Tunnel
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