Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Owners make decisions about how to allocate risk involving soil and water conditions. They typically have three choices on how to approach that issue, those

Owners make decisions about how to allocate risk involving soil and water conditions. They typically have three choices on how to approach that issue, those being:

1.

Gather no information as an Owner and let the Contractor proceed based on their own evaluation and put all of the risk on the contractor.

2.

Gather the necessary information as an owner and provide it all to the contractor, but disclaim any responsibility for its accuracy. (disclaimer system)

3.

Gather the necessary information as an owner, make it available to the contractor, and promise the contractor by contract to equitably adjust the price if the conditions turn out to be different then the conditions represented (differing site conditions, DSC system)

discuss all of the advantages and disadvantages for both the owner and the contractor for each of the above options.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic Management Text And Cases

Authors: Gregory Dess , Gerry McNamara , Alan Eisner , Steve Sauerwald

11th Edition

1264124325, 978-1264124329

More Books

Students also viewed these General Management questions

Question

Why do you want to work here?

Answered: 1 week ago