Decision analysis process and policy. Decision criteria, utility functions and decision trees. International project risk management and modeling techniques. Nature of construction contracts, stipulated-sum contracts, cost-plus-fee contracts, unit price contracts, contracts with quantities, and design-build contracts. Sub contracts and supply contracts. Contract bidding types and strategies, profit margins, and contract negotiations. FIDIC. Construction law, performance bonds, payment bonds, insurance, proving costs and damages, and bankruptcy. Construction law case studies.