Very few construction professionals would be able to define procurement and yet the ability to successfully procure built assets is at the heart of the construction process and, in turn, at the heart of the procurement process is assessment and management of risk. Better procurement requires a new approach to risk. The key issue is not how risk should be allocated but how it should be managed. This book shows how the trade-offs between risk and reward should be assessed, and offers strategies for dealing with what could go wrong and avoiding the culture of blame. Case studies and real-life...