Message : Discuss the following issues in construction contracts. 1. How the contracts Bailey and Bell advises the contracts should be signed and presented. 1.5 marks 2. The regimes to assist in the interpretation of the contract in standard form commercial contracts. 2.5. marks. 3. The regimes to resolve ambiguities in the standard form commercial contracts. 2.5 marks 4. How the standard form commercial contracts deal with the requirements of insurance. 2.5 marks 5. Discuss if the legal commentators consider the standard form commercial contracts fair and balanced and which contract do they think is one of the fairer contracts.2 marks 6. When drafting or amending a standard form commercial contract what considerations should you take into account. 1.5 marks Word guide 800 words. Refer to at least three standard form commercial contracts in your answer. Where relevant refer to case and statutory law. This question is worth 12.5% of your course assessment. Message : " Discuss the processes that some standard form contracts may use ( commercial and domestic building contracts)".(Australian stardands only) 1. Alternative dispute resolution. a) Mediation. 2 marks b) Arbitration. 3 Marks. 2. Litigation. a) Domestic building contracts. 3 marks. b) Commercial building contracts. 4.5 marks Word guide 800 words. Refer to relevant statutes and the sections. This question is worth 12.5% of the course assessment. Message : " Discuss the remedies a party to a construction contract has where the other contracting party commits a breach of contract". Marking criteria. 1. Consider the provisions in AS2124-1992 with regard to the dispute resolution processes the principal and or the builder can take. As you know they can decide to also go to arbitration and or litigation. 7.5 marks 2. Consider the common law and equitable remedies if the principal or the builder decide eventually to go to litigation. With regard to the equitable remedies you can confine yourself to specific performance and injunctions. 5 marks. This question is confined to commercial building contracts and does not deal with major domestic building contracts. Word guide around 800 words. This question is worth 12.5% of the course assessment. You will need to refer to all the relevant provisions of AS214-1992 and all relevant case and statutory law.