An introduction to soil mechanics and foundations by C. R. Scott

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By C. R. Scott

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Any combination of features that give rise to such a penalty would normally be eliminated at an early stage. We have just heard from Mr. Sanderson that the costs are only one element in a complex economic balance and the choice of financing options need not be seen as separate from the other aspects of development strategy. Other cost reductions might be considered neutral to the project finance. These might be such things as the use of larger modules and integrated deck structures to take advantage of the greater lifting capacity of the new generation of crane vessels.

The system performed well with only three of the strain gauges drifting and one accelerometer failing. During the period from December 1983 to April 1986, approximately 90% of the possible recordings were made and validated. 6m; the largest individual wave reached 21m. Routine analysis was carried out on all readings. Deck displacements were obtained by integrating the deck acceleration signals, and general statistical parameters such as mean and standard deviation were calculated for each 40 minute period.

This much is fundamental to project finance and, in some form, has always been the case. What is relatively new is the range of risks which can now be singled out for special consideration and the corresponding detailed knowledge of the project which is entailed. By reducing the risk in certain areas, as a result of awarding a lump sum contract, for example, or agreeing to accept the cost of budget overruns in other areas, the borrower can optimise his position. The banks have the facilities to arrange ECGD cover (or the equivalent in other countries) for those parts of a project which may be eligible.

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