Nature of Operation and Maintenance Project Cost and its Relationship with Conditioned Number of Labour in the Contracts

(Ahmed bin Hassan Aerjana)

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Abstract

It is believed that working in construction industry is a high-risk investment. The risk factor becomes more significant in the operation and maintenance projects, and increase more when there is no enough experience with the nature and requirements of such projects. It is believed that most of operation and maintenance works depend on labour. Therefore, in order to control their expenses, it is beneficial to know the nature of cost distribution associated to the conditioned number of labour in the contracts.
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