Answer Happy

4. Local content is defined as benefit brought to a host nation through a) workforce development: employment and training local workforce, and b) supplier development: procuring supplies and services locally and developing local supplier capacity. Some international forms of contract used for the procurement of construction work have local content clauses requiring a minimum percentage of the project value to reflect local content. Discuss the benefits and disadvantages of having local content clauses in a construction contract for a construction project in a developing country. (33 marks)