A Review of Application of Risk Management Techniques in Costing and Evaluating Construction Work Projects in Nigeria: A Mathematical Analysis Approach
- 30 November 2018
- journal article
- review article
- Published by Lupine Publishers LLC in Current Investigations in Agriculture and Current Research
- Vol. 5 (4), 1-8
There exist some inherent risk elements like physical risk, environmental risk, logistic risk, financial risk, legal risk, political risk, etc. in the construction work environment in Nigeria. Before now those costing these projects use only contingency sum approach and insurance cover without properly taking into consideration all these other critical factors of risk.