Question: Sanjay, Joe and Jen work together on a floorplan for the space and agree on the overall finishes and appearance. Joe meets with the new
Sanjay, Joe and Jen work together on a floorplan for the space and agree on the overall finishes and appearance. Joe meets with the new landlord and walks through other offices in the renovated factory building, but the current tenant of Brian's new space will not permit Joe to walk through with his engineer and construction supervisor. The tenant is moving out at the end of the week.
Joe tells Jen that they need to start drafting a contract while he does due diligence walking through the space.
What type of contract should Jen choose?
Jen feels the pressure to do a great job with this new assignment. She is very excited by the challenge and loves the concepts that are being discussed, but she realizes that the scope is still vague nothing has been nailed down in detail. She proposes to Joe that they draft a cost Reimbursable CR contract.
Jen has supervised office moves and minor renovations in the past, and has always required a FirmFixedPrice FFP contract. She insists to joe that this is the least risk for her company. Joe reluctantly agrees but stresses that his fixed price proposal will be based on some assumptions about the condition of the new space.
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