Questions and Answers
What is the definition of risk in a project delivery context?
An uncertain event that may have an effect on the project's objectives
What are some common risks prevalent in construction projects?
Faulty materials, faulty workmanship, and inadequate plans
What is a construction contract?
A contract between a contractor and an employer
What is the purpose of risk allocation in a construction contract?
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What is the employer's role in preparing the contract document bid package?
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