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13-08-2018

Product code: Essay-AW151

Write a two- to four-page paper that describes an event in the past from either your personal or professional life in which you used a contract. Answer the following questions.

How did assumption of risk play a part in the type of contract used?
What type of contract was finally settled upon in this situation?
Was this type of contract appropriate for this situation or was there a better type that should have been used?
Did the type of contract impact the success of the project?

You must use references to support your conclusions. Remember to cite and reference any sources that were used in the comparison and contrast. At a minimum, students should connect this assignment back to the text and support their decision-making process with key concepts from the text. You are also welcome to use any of the checklists from the text to support the decision-making process.

 

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This report is written to analyze the risks involved because of contract by taking reference from my earlier role in the procurement department. It is important since the risk assessment undertaken at the beginning of the procurement cycle will probably include Contract management risks. If this is supposed to happen then the risks should be examined and surveyed once the agreement is signed.

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