Critically discuss the following statement, providing detailed support/references for your position (that is if you agree or disagree). "Whilst there are some differences between AS2124-1992 and AS4000-1997, there are no real significant advantages in utilizing one standard over the other in a contract, regardless of whether you are the Principal or Contractor." (Hint: Address the underlying differences (list) and risk allocation. Which of the differences is most important?) Assume you are the Contractor's Representative on a refurbishment project. The project scope is for the refurbishment/ upgrade of industrial building units (originally 5 units into 10 smaller units) at a cost estimate (including contingencies) of $12M. During the site briefing, you were advised that a small sinkhole had occurred in the car park (3 meters from the building foundation) 2 years ago but was rectified by filling with aggregate and concrete. There have been no further indications of ground disturbances since. (Note: In the past, the units were used for: vehicle body repairs, furniture restoration, vehicle servicing, and plastic recycling, paint wholesaler.). Which Conditions of Contract (AS2124 or AS4000) would you prefer to operate under and why? (5 marks) (Hint: clearly justify your position)