A risk assessment identifies the following risks to a 2-Yr construction project. The risk assessment is required and companies are required to include the average total cost of these risks in their proposal What total value should you put in your proposal? Risks Flood Earthquake 4.0 Earthquake 5.0 Earthquake 6.0 Earthquake 7.0 Tornado EF 2 Tornado EF 3 Tornado EF 4 Torndo EF 5 Rising Material Costs 10% Probability Consequence 1.99% $8,000 190 $1,000 0.109 $10,000 0.0190 $200,000 0.00% $1,000,000 0.1098 $500 0.05% $2,000 0.01% $10,000 0.00% $2,000,000 5% $100,000 D