Project Procurement Management Principles and Practice $($PPE $117$V$)$

Assignment $1-20\%$

You are planning a successful project party celebration and have different contracting models

and contract types to consider for your party celebration project.

Develop a detailed WBS for a typical project celebration party

Develop alternative contracting models, identify advantages and disadvantages of

each model. Also elaborate as to who carries the risk on each of your model.

a$)$ Prime Contractor Model $($The customer appoints a single service provider to

plan, coordinate and deliver project celebration packages$).$

b$)$ Customer as a Prime Contractor $($The customer appoints the celebration party

planner i$.$e$.$ Designer, to design and compile the specification for each work

package for the project. Upon the completion of the specifications, the

customer reviews and approves the design and specifications and appoints the

contractor$).$

List all contract types options that are applicable to your project and state advantages