From the point of view of the client, who is key to
decision-making in the project, and from the point of view of the contractor, who traditionally increases costs to
hedge risks, but given that the margin utility is getting lower, is facing a practice that has become unprofitable
(Baloi and Price, 2003). These two groups have different behaviors against the risks of the project and different
possibilities of transferring risks to the party best able to manage them (Wang et al, 2011).