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Write a contingency plan for this project.

Craig Construction: Home Improvement Project Managing risks in construction projects is critical to achieving the project objectives in terms of time, cost, quality, safety, and environmental sustainability. Compared with other industries, the construction industry is subject to more risks due to the unique features of construction activities, such as long implementation period, complicated processes, environmental factors, financial burden, and organizational structures. .26 There are risk management concerns including low knowledge and skill base, resulting from a lack of commitment to training and professional development. 27 In general, construction risks can be classified as: 28 - Construction cost and finance; - Construction schedule; - Construction quality; - Construction occupational safety; - Environment; - Construction; - Contractors, subcontractors, consultants, and clients; - Sourcing and material management; - Labor disputes; - Legal; - Financial; - Economic instability; - Exchange rate and commodity price fluctuations; - Organizational relationships; - Contractual relations; - Attitudes of participants; - Communication; - Technological problems; - Design assumptions; - Site conditions; - Construction procedures; Various construction risks that plague construction projects are listed in the following table. Nash and Myra were having dinner that night when Myra asked Nash, "Have you thought about risks in this project?" Nash replied, "Yes, Myra. Every project has risks. We have risks as well. We have contractor risks, schedule risks, and all other risks that belong in any construction project." Myra asked, "What can we do about it?" Nash told her that he wanted to analyze all risks and come up with an answer the next day. Nash read about various risks, identified potential risks, and came up with the following simple risk management technique. Nash showed the list to Myra, and she examined all the risks and said, "We better get a contractor with insurance." \begin{tabular}{|l|l|l|} \hline Relationships & Moderate & Get the right contractor \\ \hline Schedule & Moderate & No changes to the original scope \\ \hline \end{tabular}