Civil Engineering Reference
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in which the project will be built, and any uncontrollable construction price risks.
Based on this understanding, the design-builder needs to develop appropriate means
for managing all the inherent project risks beginning at the inception of the project.
When projects are developed with the project risks clearly understood, reasonably
allocated to the project participants, and managed commercially, the greatest oppor-
tunity is presented for reaching the desired project outcomes for all parties involved.
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