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Risk and Insurance in Construction
Introduction, risk, risk identification process, risk analysis and evaluation process, response management process (risk treatment strategies), insurance in construction industry, common examples of business and project risk, risks faced by Indian construction companies assessing international projects
14.1 INTRODUCTION
Risk management is at the core of any business or organization, and construction industry and construction companies are no exception to this. This is central to any business regardless of size, activity, or sector. Construction companies can lose substantial sums of money as a result of failure to identify and evaluate risk in time. Companies may even forego their opportunity to take ...
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