Construction Contract Case Study Discussion

Construction Contract Case Study Discussion

Instructions/Descriptions

Construction Contract Case Study Discussion

Stacey Smith owns a lot in the hills of Pennsylvania and wants to build a house according to a particular set of plans and specifications. She solicits bids from bidding contractors and receives 2 bids: one from Carlton for $260,000 and one from Feldberg for $258,000.

One night, while having a drink with friends during happy hour Stacy is telling her friends about her desire to build this home and her uncertainty of the costs associated with the project. Siegel, although laughing with others at the table, had heard Stacey’s story and leaned across the table and said, “you are being taken for a ride because you are a lady. If you let me, I will build your house for half of that price, no more than $125,000! “Delighted, Stacy jumps on the offer and says I accept. I will have money for you tomorrow to get started.

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The next day Siegel shows up at the property and Stacey pays him a $100,000 down payment to cover most of the construction costs One month after beginning construction of the house, Siegel contacts Smith and tells her that because of inflation and a recent price hike for materials, he will not complete the construction unless Smith agrees to pay an extra $150,000. Smith reluctantly agrees to pay the additional sum. 4 months later Smith has an unfortunate accident resulting in her death. Stacy’s only son, Tom wants the construction completed.

Use F-IRAC analyze for this problem

Is there a valid contract between Stacey & Siegel? Is Siegel obligated to complete the project, and at what price? 

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Rule Statement: Provide a general rule Provide the elements for the rule (Contracts tend to have detailed elements and therefor this rule statement might need several paragraphs) Provide defenses or exceptions. Do not include facts or prior case law

Reply to Rule Statement Post: Greet student by name Reread resource material before starting your reply Identify positive aspects to student’s rule statement Identify sections which can be improved explaining how and why. Rewrite this statement following your own suggestions. Do not copy and paste your original post.

BUL 2241 Corporate Governance Presentation

You have recently been accepted as a new member of the board of directors for a state-wide volunteer organization. To present your expertise and to establish your dedication, you offer to develop a presentation about corporate governance for the organization’s annual orientation. The executive manager is delighted at this prospect and requests that, along with laws or related information, you provide recommendations for building and sustaining a strong, successful company.

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Instructions

Prepare a Microsoft PowerPoint presentation. Include speaker notes in the Notes pane on each slide to explain the details of your presentation. Your presentation should include the items below.

Title slide

Introduction with an overview and purpose of the presentation

Three to five slides that:

Identify at least two (2) laws that might impact the business. Resources that may be useful are the U.S. Department of Labor website, the U.S. Equal Employment Opportunity Commission, and/or the U.S. Small Business Administration.

Explain what the laws mean and how they might specifically affect the organization.

Provide at least four (4) ideas or recommendations for the company to ensure both current and ongoing compliance.

References slide as the last slide in the presentation

Be sure to create a professional PowerPoint using correct grammar, spelling, punctuation, and APA in-text citations and references.

Construction Contract Case Study Discussion

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