Contracting company Being the head of a contracting company that specializes in building high-quality, custom homes in Colorado and you've just been hired by a family to build their dream home, you work as a general contractor and will only hire a part-time accountant. You can subcontract to work with local professionals. Home construction in Colorado is booming. It is tentatively slated to complete 11 homes this year. The family has promised that final costs will range from $450,000 to $500,000, and that it will take five months to complete the home once the groundbreaking begins. The family is willing to delay the project in order to save costs. I just finished an initial scope statement for the project (see below). You are now brainstorming for potential risks associated with the project.

Project objective Project Scope Statement: Build a high-quality custom home in five months at a cost of just $500,000. Delivery: 2500 square feet, 3 bedroom, finished home. Insulated and laminated garage. Kitchen utensils to include oven, microwave and dishwasher. Gas oven with programmable thermostat. POIs Permits approved on 5 July. Laying the foundation of the building July 12 Technical requirements 1. The house must meet local building codes. 2. All windows and doors must pass NFRC Energy Class 40. 3. External wall insulation must meet an "R" factor of 21. 4. Roof insulation must meet "R" factor of 38.. 5The floor insulation must meet an "R" factor of 25. 6. The garage will accommodate two cars. and exceptions 1. The house will be built according to the specifications and design of the original blueprints provided by the customer . 2. The owner is responsible for landscaping. 3. The refrigerator is not included among the kitchen utensils. 4. Air conditioning is not included, 5. The contracting company reserves the right to contract for services. Please answer the following questions:

a) Identify the potential risks associated with this project. At least five different risks. b) Use the risk matrix form: "critical", "monitor", and "ignored" to show how to deal with each of the risks identified in question (a)