Prepare a 1,000-2,000-word paper in which you evaluate the legal aspects of the Construction Industry. As part of your paper, research and select three (3) contract types used in the Construction Industry today (ie. Fixed Price, Cost Plus, etc…) Compare and contrast your selected contract types. In addition, research an article that discusses a construction project utilizing one or more of the chosen contract types. Discuss how risk allocation plays a role in the contract selection criteria for the example project. Also, explain the role of risk management in the contracting process. Be sure to properly cite your sources.
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