You are planning the construction of your home, it has a built up area of 6000 square feet on a 20,000 square feet plot. You have decided to give a turnkey contract to a construction company to design and construct your house A) Perform a Risk Management exercise and prepare a Risk Management Plan. B) Identify the risks from the above identification that you would like to prevent through the contract you would issue to the construction company. a. Justify your choice with pros and cons b. Formulate three contract clauses you would include in the contract to address some of the risk. Explain the rationale C) Prepare a monitoring plan to ensure the project meets your expectations

Answer rating: 100% (QA)

A Risk Management Plan 1 Identify Risks Poor quality construction materials Environmental risks storms floods earthquakes Delays due to issues with permits and approvals Construction worker safety ris... View the full answer