pricing options

SCENARIO
Joan really appreciated Chuck’s checklist for project phases and description of project delivery options. She is now a little confused about what pricing options’ she might select for the library. (note: Pricing options can be found in Chapter 4 of the textbook and are called Contract types by the author)

Problem 1 (25 points):
Imagine again that you are Chuck. Write a memorandum to Joan which includes a detailed’ explanation for Joan, which describes the various pricing options she may consider when developing a contract for the library. Insure you define each option, identity when they are most often used, and define advantages and disadvantage of each.

SCENARIO (continued)
As Joan continued working through her Owner checklist and description of the various project delivery methods she realized that the project would probably be a Design-Bid-Build type of project. She also realized that her knowledge about contracts, especially the General Conditions section of the contract, was very limited. Joan again calls Chuck, her point of contact for the CM company hired by the library board in CM agency relationship. She asks him for more explanation of this item called General Conditions and if there were any particular issues within the General Conditions that she should focus on.
PROBLEM 2 (25 points):
Imagine you are Chuck. Write a memorandum toJoanwhichincludes the following information:

€¢ Define the General Conditions of a contract.
€¢ Identify and summarize the key provisions found in a typical General Conditions section.
€¢ Should Joan use competitive bidding or contracts on a negotiated basis? Why?
€¢ Describe to Joan any specific provisions she might want to study and become familiar with as she moved forward into the contracting phase of the project.