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The increase in cost due to inflation has been a concern in the construction industry. In long-term projects, it becomes even more essential to know the cost for future planning and budget approval. This study attempts to adopt the probabilistic approach to put forth the prediction of cost...
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necessary to reach a common planed goal.Therefore, the contract shall be well-drafted to allocate risk properly and clearly … which is the main purpose of the contract. Fair allocation of risk supports reaching a better level of project control which … several studies and surveys were conducted on risk allocation to reach the criteria of allocation and the influence of the …
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necessary to reach a common planed goal.Therefore, the contract shall be well-drafted to allocate risk properly and clearly … which is the main purpose of the contract. Fair allocation of risk supports reaching a better level of project control which … several studies and surveys were conducted on risk allocation to reach the criteria of allocation and the influence of the …
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