You are the project manager for the at

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risk CM for a project. In reviewing the project specifications, you note that several specification sections contain performance criteria. You can mitigate the risk using which financial instruments: Pick one

$1$

$.$

$$In addition to normal project insurance requirements, require the trade contractors to provide professional liability insurance

$2$

$.$

$$Commercial general liability, umbrella insurance, workman's compensation and automobile insurances in the amount specified for the overall project

$3$

$.$

$$In addition to normal project insurance requirements, require that the trade contractors provide a performance bond

$4$

$.$

$$There are no additional financial instruments required because the "Designer of Record" is solely responsible for the project design