Contract Admistration Academic Essay

Objective of assignmentAs stated in the assignment the objective is to:? Be able to understand some of the practical application of principles and processes of pre and postcontract administration??? Know the sequence and requirements of some pre and post contract processes??? Be familiar with different contract terms and conditions, as well as their requirements and uses.Under the scope you are to provide a file note for four key documents that will form the file: Tender analysis and contract tender schedule Bank guarantee for the contract Certificate of currency for contract Cash flow chart based on the tenderQuestionWhen obtaining the document is it just a template like does it have to be a completedOne or blank?What you provide in the file is up to you. However there should be two approaches:1. Information that you are able to obtain from a contract administrator or other person involved inthe administration of a project. The file could be an established a file with the above informationprovided. If you are providing this approach then you would provide information on those four areasand comment on why the file requires such information. For example if youre preparing or reviewinga tender analysis then the schedule would have within it information on what is being required by theprincipal to assess the tenderers submission. For example if you are constructing an apartmentbuilding the file would have as part of the schedule information that relates to the contractdocuments. This may include information on the tender price for the site sheds, for earthworks, forconcrete per square metre, painting etc.2. The other alternative, if you are unable to find a contract administrators file is to set out underfour headings information that you assess as being required and comment on why you are requiringthat information. To take a second example being the bank guarantee for the contract. Your filewould want to have information on who is providing the bank guarantee, the duration of the bankguarantee, information on the amount of security etc. Youd also require information under thecertificate of currency to ensure that the bank guarantee is being maintained for the duration of theproject, the insurance and currency of the insurance etc.Question After each document is obtained how do we go about writing about it just what it is used for and itsrelevance to the process ?So what your file is essentially doing is to set out the structure of the file for information that yourequire and once having required that information how it is filed in a systematic way. Yoursubmission for assessment will be on the thoroughness in which you have provided a structure withinyour file for the recording of the information received and information on what you are requiring.If you are still uncertain, imagine that you are the contract administrator. You need to have a numberof files for the different projects you are the contract administrator for and you need to keep abreastof those projects. You need to have a file that systematically sets out the information that you requireor that you have acquired.It is essential that you make comment in your submission on why you are requiring that informationand why it is important to place it in the file and the value in having is a systematic file structure inorder to keep control of the project. Refer back to the assessment requirements for the assignment inorder to understand how the assessment of your submission will be made.This submission requires students to assume the role of a Contract Administrator for a builder andprovide file notes that comprises discussion or critical comments on each of the followingdocuments:? Tender analysis and contract tender schedule ? minimum 2 pages??? Bank Guarantee for contract minimum 2 pages??? Certificates of Currency for contract minimum 2 pages??? Cash flow chart based on tender minimum 2 pages PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET AN AMAZING DISCOUNT

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