a)Whether One Colorado intended to create a bilateral or Unilateral contract? wh

Question

a)Whether One Colorado intended to create a bilateral or Unilateral contract? why?

b) Whether the requirements for a valid contract and explain fully hopw each of these requirements was or was not met in A on the previous page. Use IRAC

c) Whether One Colorado can collect damages and in what amounts? Use IRAC

I. Essay Pat Parker, President of One Colorado Redevelopment, Inc. engaged you to perform a special study to project the income or loss the Company should expe iom contract to red evelop a commercial real estate complex located in Pasadena, California. You have been presented with the following documents etter dated October 1, 1993 from Pat Parker to Brad Duea, president of Red Brick Company. The letter read as follows: "Please ship 15,000 grade B "Red Brick Brand" bricks. We will pay the current market price of $1.00 per brick As in the past, unless we hear from you to the contrary by return mail, well will assume you have agreed to promise to deliver. The bricks must arrive at the development site by October 30, 1993, and time is of the essence. If the bricks are not received by such date, we will be unable to complete the project by December 31, 1993 and thus lose a $50.000 redevelopment tax credit for this tax year." B. A letter dated October 20, 1993 from Brad Duea to Pat Parker. The letter read as follows: "We received your order of October 1, or 15,000 grade B Red Brick Brand" bricks for $1.00 each. Until today, we were sure we could deliver such bricks and intended to do so However, half of our last supply of bricks, which had been set aside for you, was shipped to another customer by mistake. Unless we go to great expense, it will be impossible for us to produce new bricks for 2 months. 9 As such, we have shipped half your order today and have arranged with our competitor, Super Brick Company to send you the other half by your deadline. The bricks will not bear our brand name, but will meet you specifications in all other ways, including the price of $1.00 C. A letter dated November 15, 1993 from Parker to Duea read as follows: "Super Brick Company delivered, however, the bricks did not arrive until November 10. As such, we cannot complete the project by December 31, and will lose our tax credit. In addition, Super Brick has billed us $1.10 per brick. We intend to hold you responsible."

Explanation / Answer

For a project it is very important to identify, manage and engage its stakeholders in very effective manner so that it can reduces its risk, implement mitigation measures and make a successful project. The strategies to be employed to identify, manage and engage project stakeholders could be followings–

Identification of the stakeholders and their analysis is crucial for any project; the stakeholders could be internal or external. Knowing the interest and influences of stakeholders could be beneficial in this regard. The stakeholders are key resource for any project so their proper identification is vital for the project.
Scaling the influence of key stakeholders on the project based on their influence on decision making and other factors of the project. The scaling can be based on the stakeholder’s ability from high, medium and low to influence the key parameters of the project where high influence stakeholders use to have a greater hold on the project and have the ability to change its important characteristics. While medium influence stakeholders have comparative lower ability but it is significant on projects point of view and low influence stakeholders have insignificant power on the project.
Identify the key triggers which influence the stakeholders of the project. The triggers may have different influences on different stakeholders and knowing them could be helpful for the stakeholder’s management of the project. And it could help in implementing mitigation measures for the project.
The involvement of stakeholders at every stage of project is very important and can be done through periodically updating the concern stakeholders about the developments of the project, if they are not directly involved with the project. It will ensure their engagement and interest in the project.
The effective communication strategy of each process to the concerned stakeholders is very important and could be a great strategy to identify, manage and engage project stakeholders throughout the life of the whole project and to make the project successful.

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