$4\mathrm{.}3$ Project

Due Wednesday by $11$:$59$pm Points $57$ Submitting a text entry box, a website url, a media recording, or a file upload Attempts $0$ Allowed Attempts $2$ Available Jan $26$ at $12$am $-$ Feb $1$ at $11$:$59$pm

Direct Negotiation and Tendered Process

In this activity, you will choose either Direct Negotiation or the Tendered Process, conducting research to understand your selected method's key characteristics, its impact on project timelines and costs, and potential challenges.

Instructions

Select a method: Choose one of the two contract setup methods: Direct Negotiation or the Tendered Process.

Research and analysis: Conduct research on your chosen contract setup method. Explore real$-$world examples, case studies, and industry insights to understand how the method works.

Questionnaire: Answer the following questions related to your selected contract setup method:

What are the key characteristics of your chosen method?

How does the method impact project timelines and costs?

What risks or challenges may arise from using this method. How can they be managed?

Provide examples: Support your answers with practical examples or case studies that illustrate the implications of your chosen contract setup method.