Elin manages a real estate development project.She wants to hire green specialists to oversee certain stages of the project.The risks include builders who overpromise or fail to clearly express what "green" means,and subcontractors who fail to meet environmentally friendly standards.An effective way to assess these risks is to
A)hire a skilled attorney who has worked on other green projects.
B)focus only on the initial cost of the project.
C)work with stakeholders who focus only on their specialties.
D)omit express warranties and insurance provisions in contracts.

Question

Quizplus · Accepted Answer

Hiring a skilled attorney who has worked on other green projects can help in assessing and mitigating the risks associated with builders and subcontractors failing to meet environmentally-friendly standards. The attorney can review contract clauses and ensure that express warranties and insurance provisions are in place to protect the project and mitigate potential legal disputes. Focusing solely on the initial cost of the project or working with stakeholders who only focus on their specialties may not adequately address the risks posed by environmental requirements.

Elin Manages a Real Estate Development Project