Appropriations risks

The risk that the public agency is incapable of meeting its financial obligations to the project because funds for the project fail to be obligated into its budget. Appropriation risks can affect projects in which the public agency is expected to make payments as a lump-sum during the construction period, as availability payments during the life of the project, or as a result of other events occurring in the life of the project.

Compartir:

También te puede interesar