Please do not copy and paste from the previous answer, it is incorrect Please Armscor is the acquisition agency for the Department of Defence (DOD) They are in the process of procuring materials for the department of defence, the payment contract that has been identified for the deal is a Time and Material Contract The identified contractual risks are May result in lawsuit and litigation overpay as it is not fixed at the time of contract Contractor may not be competent enough to complete the project It takes longer time to complete, many factors come into picture Cost can exceed beyond the budget allocation Please discuss this payment contract type and the IDENTIFIED contractual risks for the above mentioned project (50 Marks) This question requires a 3 full page answer Please Take your time and answer the question in a detail form, it counts for many marks

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Question: Please do not copy and paste from the previous answer, it is incorrect!!!! Please!! Armscor is the acquisition agency for the Department of Defence (DOD).

Please do not copy and paste from the previous answer, it is incorrect!!!! Please!!

Armscor is the acquisition agency for the Department of Defence (DOD).

They are in the process of procuring materials for the department of defence, the payment contract that has been identified for the deal is a: Time and Material Contract.

The identified contractual risks are:

May result in lawsuit and litigation overpay as it is not fixed at the time of contract.
Contractor may not be competent enough to complete the project
It takes longer time to complete, many factors come into picture
Cost can exceed beyond the budget allocation.

Please discuss this payment contract type and the IDENTIFIED contractual risks for the above-mentioned project (50 Marks)

This question requires a 3 full page answer.

Please Take your time and answer the question in a detail form, it counts for many marks!

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