Consider the different suppliers.

Which one would you select? Why?

What type of contract would you use? Why?

Risks and rewards in this case:

What are the risks?

What are the rewards?

How can you balance these risks and rewards?

Contract preparation and negotiation for this case:

How to prepare a contract?

How to negotiate a contract?

Senior management is asking you to create a draft contract. Based on the information within the case and what you learned in the course thus far:

Which elements would you include within the draft contract?

Why?

Senior management would like your guidance on how to handle any

contractual mistakes;

disputes; and

breach of contract that may arise.

Provide detailed advice.