The assignment content discusses the importance of cost and risk assessment in selecting a procurement method for civil engineering projects. It highlights that different partners, including clients and contractors, have diverse expectations from a project, making it essential to evaluate cost risks associated with construction projects. The Design Build Finance Operate Maintain (DBFOM) procurement method is considered effective for building huge capital-intensive projects. The content also emphasizes the importance of total quality management systems and risk assessment in minimizing partnership-related issues.