Question: Please read the question carefully and in answering this question, please answer correctly and take your time and answer in detail! You are a Project

Please read the question carefully and in answering this question, please answer correctly and take your time and answer in detail!

You are a Project Manager for the Armaments Corporation of South Africa is the arms procurement agency of the South African Department of Defence (Armscor). 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.

Please discuss this payment contract type and its 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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