Does the Labor, materials, and equipment involve considerable risks?
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
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Question
Does the Labor, materials, and equipment involve considerable risks?
Expert Solution
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Step 1
The resources such as labour, material and equipment required for any project involves a significant amount of risks, which varies in proportion with the complexity, quality, quantity, availability and various other factors. The resources required for any work depends largely on the market conditions, which makes it prone to the various risks that needs to be properly studied and managed to avoid or mitigate its resulting impact
Step 2
The following are the major risk associated with the labours:
- Market availability.
- Workplace safety.
- Union Management.
- Third Party risk.
- Talent and skill concerns.
- Regulations and shifts.
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Solved in 4 steps
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