The design team on a design$-$bid$-$build project identified a new construction risk. You determine the risk has a

monetary value of $$800,000$ and a $15\%$ chance of occurring. There is an option to transfer this risk which

would cost the project $$300,000.$As the construction manager,what is your recommendation to the owner?

a$.$ Transfer the risk

b$.$ Accept the risk

c$.$ Perform a Monte Carlo simulation

d$.$ Assign the risk to the lead designer