Expert: Risk management is a major factor in contractors' cost assessment

05/8/2013 | Journal of Commerce, The

Working with a qualified risk manager is a key concern for contractors seeking to appropriately price a major capital project, according to a Canadian expert on procurement. "Most public institutions now accept the importance of risk management, at least at the conceptual level, but the extent to which an appropriate risk management process is factored into decision-making varies, even in relation to such obviously serious areas of concern as a major capital project," he writes.

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