Introduction : understanding offshore construction -- Tendering and negotiating contracts -- Design risk -- Scope of work and interpretation of contracts -- Subcontracting -- Changes to the work -- Defects -- Delay -- Intellectual property rights -- Acceptance and delivery -- Indemnity and...

This paper studies the investor's investment decision in a standard financial contracting model with contractual constraints. The investor chooses between entrepreneurs with heterogeneous production technologies who generate different probability distributions of cash flow under effort. I...