Nobody downloaded yet

Contracts & Procurement - Essay Example

Comments (0) Cite this document
Whitegates hotel and country club development is a proposal put forward by Heriot developments. This property is to come up on the existing 35 acre land on the periphery of the town. Bad governance by the Watt family (who owned this property), brought about their down fall…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.2% of users find it useful
Contracts & Procurement
Read TextPreview

Extract of sample "Contracts & Procurement"

Download file to see previous pages This hotel will have the main reception, lounge bar, restaurant and function/conference facilities.
Apart from this, there is a proposal to construct two extension buildings. One of these will be utilised to accommodate 100 bedrooms and associated facilities, while the second one will be used to house a country club consisting of a swimming pool, sports hall and gym with associated facilities such as reception, changing areas, bar and a bistro restaurant. A part of the remaining land will be used to build a golf course. The existing Whitegates Lodge will be converted to a clubhouse.
development is complete. With their expertise and market experience, the directors are sure to attract more clientele, increasing revenue considerably. However, they are grounded by the fact that they do not have the necessary skills to successfully manage the design and construction of their proposed project. They have limited awareness of the various reviews of the problems of the construction industry, and the resulting recommendations to solve them.
They seek the professional guidance of Richard Arton Associates, a famous project management consultancy in that locality. The consortium is aware that they must keep in mind the consequence of such a project within the local area and are keen to use the development stage to create a positive image within it. A prestigious, high quality development, the directors are prepared to meet the financial costs to see this project take-off. However, they don't the cost to escalate and lead to operational complications later on as has happened on many high profile projects, but would like the project to be completed early so that their venture can begin to generate income from the facility.
2.0 Introduction
There are many factors that can help implement a project successfully. Of these, we can broadly base the most important categories under:
1. Project-related factors
2. Project procedures
3. Project management actions
4. Human-related factors
5. External environment

Heriot developments are in the process of launching their prestigious hotel and club project. They have acquired a prime property which was earlier owned by the Watt family. The 35 acre property came along with two buildings that could be used to begin the consortium's business launch. This is a major boost to the consortium's plan to set up a hotel and club there. The fact that the Watt property provided ample space to innovate and was located on the peripheral of the town gave Heriot developers unrestricted access to movement of machinery and labour. There would be no sort of obstruction of city life, which could have been a thorn in their flesh. On the whole, the property that the partners bought from the Watt's is definitely worthwhile.

The recommendations of the directors of Heriot, who are all by profession, experienced caterers and other wings of the hospitality industry, to start a hotel and club is most feasible. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Contracts & Procurement Essay Example | Topics and Well Written Essays - 2500 words”, n.d.)
Contracts & Procurement Essay Example | Topics and Well Written Essays - 2500 words. Retrieved from
(Contracts & Procurement Essay Example | Topics and Well Written Essays - 2500 Words)
Contracts & Procurement Essay Example | Topics and Well Written Essays - 2500 Words.
“Contracts & Procurement Essay Example | Topics and Well Written Essays - 2500 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Contracts & Procurement


...strategy, examination of advance procurement practices suitable for the project and an evaluation of what factors would influence in the development of the proposed procurement strategy. Table of Contents Executive Summary 1 Table of Contents 3 Introduction 3 A Strategic Approach to Procurement 5 Factors Influencing the Development of a Procurement Strategy 6 Critical analysis of different procurement Methods 8 Traditional Route 9 Design and Build 9 Management Contracting 10 Construction Management 10 Novation 10 Two Stage Tendering 11 Develop and Construct 11 Design and Manage 12 Partnering 12 Private Finance Initiative/Public Private...
10 Pages(2500 words)Coursework

Procurement & Contracts Coursework

...? Procurement and NEC3 ECC Contract By Task A: Procurement Report to the Ministry of Health, UK RE: Proposal fora PPP-PFI Procurement Route for the Hospital Expansion Project Date: Introduction Public-Private Partnerships (PPP) differ from conventional procurement routes. PPP brings together public and private agencies and conventional procurement routes delegate construction and management of government facilities to various private actors (Hoppe & Schmitz, 2013). Over the last 15 years, PPP has emerged as a particularly “popular method” of permitting private agencies to “provide public infrastructure-based services” in areas such as health care (Hoppe & Schmitz, 2013, p. 57). One of the key attributes of PPP is that it not only... routes...
23 Pages(5750 words)Assignment


...Essentials of a Valid Contract of Essentials of a Valid Contract The determination as to whether a contractual agreement exists between any two parties to an agreement, six salient requirements must be fulfilled. The establishment of a contractual relationship begins with the offeror manifesting his/her willingness to fulfill the desired promise under specified terms and conditions. Following the offer, the offeree must either in express or implied terms accept to enter into the agreement to fulfill he/her part of the bargain under the terms and conditions specified. Parties must be of sound mind and of legal age make legally binding decisions. Minors or persons with unsound mind lack the capacity to...
1 Pages(250 words)Essay


...Procurement According to the policies and strategies of procurement and contracting, an organization operating in the segment of outdoor sports section, might try to offer effective products at a competitive price. This is done so as to enhance the level of reliability and brand image of the organization within the minds of its target customers thereby amplifying its scope of success. Moreover, the total number of products might also be delivered within a stipulated time –period so as to enhance its reputation and portfolio in the market among other suppliers. Therefore, the outdoor sports stores REI might try to use certain strategies at the time of selecting the sources of supply,...
2 Pages(500 words)Assignment


...Procurement Introduction Procurement deals with the acquisition of services, works and goods from an outside external source. Thus it is favorable for goods, works or services which are produced at best possible cost and then it is procured to meet the needs of the buyers in terms of quantity, quality, location and time. Thus public bodies and corporations use this process so as to promote fair and open competition so as to minimize the exposure to collusion and fraud. This report will take a look at the procurement process of an advertisement by Nike through the bidding process and do cost-benefit analysis. Discussion Description of a real-life organization or industry...
3 Pages(750 words)Essay

W1 Followup : Introduction to contracts and procurement

...Contracts and Procurement Department Reply to answer No Nathaniel Abimajes answer offers insight on various aspects and ways of mitigating risks in contracts. This paper expands on his ideas and elucidates the various ways of conducting a risk analysis. Nathaniel posits that risk analysis addresses costs and impacts on the project and delays that are likely to take place in the course of the performing the task (Pacifico, 2007). Risk analysis is viewed and considered in projects in a number of ways. According to The Joint Development Board (2010), these include basic risk analysis, sensitivity risk analysis, and probability risk analysis. Basic risk analysis comprises of evaluations and individual occurrences associated... not consider the...
3 Pages(750 words)Assignment


...Insert Wood v. Lucy, Lady Duff-Gordon (1917) Facts Lucy Lady Duff-Gordon was a popular public figure who attached her togoods in order to improve sales in return for compensation. She hired Mr. Wood to assist her and allegedly forfeited the exclusive rights of issuing licenses out to third parties to her new agent under an arrangement that would entitle her to half of the returns obtained therefrom. Mr. Wood sued her for the breach of contract following her direct participation in the same business, now alone and without sharing the proceeds with Mr. Wood (Smith 29). Issue The court was to determine whether Ms Duff-Gordon was in breach of the earlier contract. Decision The lower appellate court...
2 Pages(500 words)Assignment

Procurement, contracts and strategies

...Procurement, Contracts, and Strategies Executive Summary Leeds is a city that has experienced a long period of sustained renewal, driven by strong economic forces. Views about the impacts of changes in the built environment differ widely. Some people are only impressed by the scale and pace of change and make the assumption that it must be good for the city to move on in this vibrant way. Others are more critical in their appraisal. Although Leeds made great slides in the late twentieth century, It has since adopted development procedures of Yorkshire and the city has now seen the development of private capitals and added new...
16 Pages(4000 words)Assignment


...Contracts A contract can be described as an agreement between two or more parties pertaining to the details of the various particulars that have been settled upon in this understanding. It holds legal viability and therefore can serve as a means of protection for individuals ensuring that they are not dealt with in an underhanded manner after an agreement has been made. It can also serve as evidence of the agreement that is in place(McKendrick Pg2). There are a number of different contracts that are available to an individual and they can be of use depending on the particular situation, some of the more common contracts that help most individuals involved in business...
2 Pages(500 words)Essay

Identify at least three types of project procurement contracts. Describe each and discuss the risk associated with both the buyer and the seller

...Types of Contracts Affiliation The three types of project procurement contracts are; Firm Fixed Price, Time & Material, and Cost Reimbursable Contracts (Carstens, Richardson & Smith, 2013). The Firm Fixed Price Contract is the most popular type and is characterized by a set price that is unchangeable with the exception of alterations in the scope of work. Therefore, liability with regards to increased costs above the agreed contractual price falls absolutely on the seller. This is especially the case where the variance stems from poor workmanship or logistics. Cost Reimbursable Contracts are also referred to as Cost-Plus...
1 Pages(250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Contracts & Procurement for FREE!

Contact Us