Answer to Question #331633 in Management for AZC

Question

SKAB projects, a real estate builders and construction company, is planning to construct

a gated community apartment in Hyderabad. The company identified that they do not

have competence in managing and maintaining the project progress in all respects of the

projects simultaneously. So, the company decides to contract out some of the parts to a

third party to maintain the progress and quality of the project. As a project manager, what

type of contract you will suggest to the company and why? (You may consider

hypothetical data for cost-benefit analysis of each contract type)