Question: Select an appropriate contract type with an accompanying procurement method for the project chosen in Exercise 1 (new project to develop a next-generation electric vehicle):

Select an appropriate contract type with an accompanying procurement method for the project chosen in Exercise 1 (new project to develop a next-generation electric vehicle):

1. Discuss why the specific contract type was selected.

2. Discuss why the procurement method was selected.

3. Identify and discuss two contractual risks.

4. Consider which risk transfer and/or risk enforcement mechanism are required to avoid or mitigate the risk.

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