Completion risk refers to the inherent risk within project financing schemes that the project might not be completed on time, within budget, or to the required specifications. This type of risk is a critical concern for investors and stakeholders in large-scale projects.
Demolition involves the destruction and removal of an existing structure from a site, which is a necessary step to prepare a site for new construction.
Public works are government projects designed for the public good and financed by public revenues. These projects include the construction of infrastructures such as dams, highways, schools, and government buildings.
A form of cost estimate presented to a potential customer in which the bid is kept confidential to ensure fair competition among bidders.
