You are a construction project manager and have been recently hired in a well known company as the manager of a highly crucial project. The project is expected to be completed in 2 years. During the project initiation phase you realize that some regulatory and environmental requirements have not been considered in the contract. Failure to meet the mentioned requirements will negatively affect your company’s reputation, but meeting them will require more time and cost, which will lead to budget and time overruns. In that case, there’s also a chance that the client decides to cancel the project. What would you do in that situation?