Deed of guarantee and indemnity requires parent to ensure performance of contractor. The contractor Performance Costs for loss of use of Possible Moderate Medium Lack of Tender allows for evaluation of completes the supplies include: expertise in experience and capacity of key Cost contract but the the company personnel. wasted crewing costs supplies provided estimated at $20k a Unproven Tender allows for assessment of are not fit for day for 365 days solution maturity of the tendered solution. purpose, are ($7.3m) defective or do Contract provides for design not provide the providing alternate reviews, acceptance testing and capability capability or extending defect rectification period to contracted for existing capability until address defects. the supplies are Note to drafters: Contract includes requirement to rectified estimated at Related liability obtain third party warranties for $1m a month for 12 cap loss of use – Commonwealth benefit. months ($12m) of supplies Contract contains a clear The project considers that description of purpose of supplies, issues with the supplies with objective specifications to be would be resolved within met. 12 months or the contract would otherwise be terminated. The contractor Schedule Liquidated damages for Possible Moderate Medium Capacity Tender allows for assessment of completes the delay have been assessed issues given proposed management plans and Cost contract but not as: competing skills, and proposed resourcing. on time or one or projects cost of standing up a Tender allows for assessment of project office estimated maturity of the tendered solution.
Deed of guarantee and indemnity requires parent to ensure performance of contractor. The contractor completes the contract but the supplies provided are not fit for purpose, are defective or do not provide the capability contracted for Note to drafters: Related liability cap – loss of use of supplies Lack of expertise in the company Unproven solution Performance Cost Costs for loss of use of supplies include: wasted crewing costs estimated at $20k a day for 365 days ($7.3m) providing alternate capability or extending existing capability until the supplies are rectified estimated at $1m a month for 12 months ($12m) The project considers that issues with the supplies would be resolved within 12 months or the contract would otherwise be terminated. Tender allows for evaluation of experience and capacity of key personnel. Tender allows for assessment of maturity of the tendered solution. Contract provides for design reviews, acceptance testing and defect rectification period to address defects. Contract includes requirement to obtain third party warranties for Commonwealth benefit. Contract contains a clear description of purpose of supplies, with objective specifications to be met. Possible Moderate Medium The contractor completes the contract but not on time or one or Capacity issues given competing projects Schedule Cost Liquidated damages for delay have been assessed as: cost of standing up a project office estimated Tender allows for assessment of proposed management plans and skills, and proposed resourcing. Tender allows for assessment of maturity of the tendered solution. Possible Moderate Medium