Question Select the Response strategy that best corresponds to each Risk Item in

ID: 1732651 • Letter: Q

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Question Select the Response strategy that best corresponds to each Risk Item in the Risk Register below created during the pre-tender stage: Fill in the type of Response Strategy in the third column Response Strategy Risk Item Response FluctuationAdd generators Contractors may haveMaximize the usage of local materials, while difficulty in meeting target schedule Political Unrest monitoring the contractors management of rocurement with emphasis on long lead items Shift the construction commencement date milestone by two month Tenant changes after construction begins Cut-off date implemented by Client for changes. Contractor to assign dedicated team for tenant changes to minimize impact on Time and Cost Inserting a Force Majeure clause in the Contract Increase in wages Availability of Materials (Supply Chain restriction) Prices are fixed for the duration of the project irrespective of the change in currency rate Add clause that the $ is equal to 18 LE and any change contractor will be compensated for. Introduce incentive provisions Design programme slippages Shortage of power Provide contingency budget for changes to minimum wage, and increase in labor cost

Explanation / Answer

Response strategy

Currency fluctuations -Try to minimise the cost of project. Additional sources have to be discovered

2-Hire more manpower. Utilise the resources very effectively. There should be effective manpower.

3-Try to finish the work milestone as early as possible or if it has not started delay the commencement date 1-2 months. But internally work should not be stopped.

4-Some best Experts should be hired to deal with these problems. As critical modifications are required. A dedicated team should be formed.

5-Before commencing the project a clause should be signed to put restrictions on the wages. And project should be finished with in time frame.

6-Materials rates should be fixed by making a clause such that it has no impact on price change.A large stock should be made for various items.

7-Some incentives provisions should be adopted.

8-There should be separate funding for the power section by managing at other places of project.

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