PROJECT ALLIANCE AGREEMENT

Project Alliance Agreement

Week 4 Exercise

Question # 1

How does the contract reward or permit those to benefit who finish the contract early and / or under the target cost or to better quality than that defined by Client and User and Performance Requirements?

Answer # 1

The words used in a contractual agreement are chosen for specific reasons. They are designed and used in such a way as to make sure that individuals become unable to exploit any potential loopholes. Another purpose of using specific words and terminologies is to ensure that actions proceed as per the description in the contract. Based on the contents of this contract, employees are to be reimbursed the costs, reasonably, that have been incurred by the NOPs. They are to be given, or deducted respective to the corporate overheads and profits, which ever may be the case. Furthermore, the gain share amount, as per the Risk or Reward regime can be payable or deducted from the end expected amount.

Question # 2

Who decides if the goals set in Stage / Phase 1 are achievable, and at what stage, and how?

Answer # 2

ALT, AMT or APT participants must be present at all the relevant meetings and the said concerns should be voiced in these settings only. The voicing of a concern does not mean that the individual is rendered incapable of participating in decisions and making further decisions. It is understood that the individual is thinking about the best for the project and it is valued that he or she has the courage to voice his or her concerns in front of the entire body. It must be noted that no changes can be made to the Project Owner's VFM Statement or the Alliance Objectives.

Week 5 Exercise

Question # 3

At which Stage does the Architect/Contract Administrator become formally involved in the contract?

Answer # 3

Unless previous stages have not been stated in writing, the Architect has the right to be involved in all stages. These stages involve the planning stage, the implementation stage and the final completion stage. It is with the insight of an architect that a project takes off from the ground and survives the test of time as a beautiful and functional monument. The architect plays a crucially important role in almost all stages of the project.

Question #4

At which Stage do the Quantity Surveyor / Structural Engineer / M&E Engineer / Project Manager / Facilities Manager respectively become formally involved in the contract (if at all)?

Answer # 4

The said individuals are not necessary to get involved in any part of the project stages besides the quarterly surveys that are part of the ALT agreement. Furthermore, the participants are required to provide the said surveyors with all that they believe to be necessary for them to continue and finish the task of surveying the site at hand. Furthermore, the participants have a right to review the individual that has been appointed to review and survey the site, in order to make sure there is no level ...