Managing material cost, worker productivity, and subcontractor requests for extra compensation are all project risks. Discuss how the tools or activities listed below can help manage these risks.

1. Managing material cost, worker productivity, and subcontractor requests for extra compensation are all project risks. Discuss how the tools or activities listed below can help manage these risks.

a. Weekly job cost analysis

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b. Pre-award subcontractor proposal analysis for completeness and feasibility

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c. Hard bids on material unit costs

d. Contracts for material purchase

e. Firm contract procedures for claims for additional costs f. Assigning risk to those best able to manage it

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