Reading Assignment
Text Book: Yates, J. K. Engineering and Construction Law and Contracts. New jersey, Pearson (2011) ISBN 0 – 13 – 503352-4.
Chapters: 11 - 14 in yates for undergrads; Chapters 13-14 in Batholomew for grad students.
Review the sample agreements in Appendix E of the text and make a list of the items in these agreements that represent risk accepted by the contractor and explain why you believe each item identified is a risk.
Discussion Questions
1. What is the major risk in operating as a partnership?
2. What is the difference between a unit price contract and A lump sum contract and where are they typically used?
3. What delivery form of contract minimizes risk to owners?
4. What is bid shopping and is it good for the construction business?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.