This course provides an introduction to the legal aspects of procurement in the Australian public and private sectors. A major focus of the course is on conducting business ethically and responsibly in meeting the expectations of society, communities and business. Commencing with an introduction to contract law, administrative law, equity, agency, and the principles of risk management, the course explores the spectrum of contracting options including: traditional contracts, design and construct contracts, managing contractor, alliances and public private partnerships. The course explores the issues associated with inviting and evaluating offers; negotiating, drafting, interpreting and terminating contracts; and dispute resolution. The course provides an overview of procurement governance including: probity in tendering, setting performance indicators and managing performance, and compliance with regulatory instruments such as trades practices legislation, corporations legislation and public financial management and accountability legislation. Incompatible: 7604MGT Legal Aspects of Procurement. This course has been discontinued.