CONTRACTS

Law

[Institute's Name]Law

Introduction

The vigilance that the dynamics and facets of the modern law requires, for the astute assimilation and comprehension of the underlying aspects, it endures; the process takes a naive yet cognitive mind to a journey of tripping connotations, which endure different facets in different situations. What this assignment endeavors to do is to compare different connotations that are attributed to a single situation, under varying conditions and characters, and how differently does law apply in all the pertinent situations. The aspect of the comparison and contrast will take into account the broad array of information that has been rendered to the common mind, for the propagation of the basic judgment.

Week 6 Exercise

This exercise takes into account the pivotal actions that are executed by the respective responsible personalities and entities, in context of heedfully and sagaciously attaining the possession of sustainable building performance over its apparent lifetime. Asking the involvement of different entities and different connotations of the before mentioned aspect; a naïve mind will be in a rather facilitative position of drawing a comparison and contrast at the same time.

Comparison

The first and foremost comparison that could be established pertained to the aspect of Design Programme start date and length. Both in contract one and contract two, the prime party, which gets to decide the starting date and length is the contractor. However, in second contract there is another party also involved, besides the contractor. Even in the third contract; the contractor has a pivotal role to pay in this regard, for instance, articulating the basic time plan to the project owner, and working with him, to ensure the length of the entire process. With respect to the key performance indicators, the overall measure of the performance stated in second and third contracts refers to the eventual satisfaction of the end user, and the completion of the project in designated time; utilizing all the pertinent resources in the most efficient manner (Chappell, 2007, pp. 167).

Contrast With respect to target cost, contract one is quiet; while the responsible parties in the second and third contract are contractor and client, and Participants, as well as Project Owner, respectively. Where the domain of final contract cost comes under the contractor in the first and second contract, it is the Project Owner, in the third contract, who is responsible for it. The first contract is quiet regarding the contingency sum, where as the second and the third contracts state client and Project Owner, responsible for it. Where it is the contractor and the client in the first two contracts responsible for the design Programme start date and length; the third contract involves the collective responsibility of almost all the parties involved in deciding the date and length, ranging from the project owner, to the contractor and even the supplier. Site Construction Programme start date and duration is the responsibility of contractor in the first contract, whereas, the second contract takes into account the act of supplier; and it's ...