We can help lower (or take) the risk away from your contracts…before work has even started…
Risk management in construction involves identifying, assessing, and prioritising potential risks associated with a construction project and taking appropriate measures to mitigate or minimise their impact. The goal is to ensure that the project is delivered on time, within budget and to the required quality standard.
Risks can arise from various sources, such as changes in the design, technical issues, adverse weather conditions, and delays in deliveries. A risk management plan should include a process for identifying risks, evaluating their likelihood and impact, and developing strategies for mitigating them. This can involve implementing risk control measures, such as having contingency plans in place, obtaining insurance, and negotiating contract terms.
How we can help with risk management:
- Initial risk identification and modelling.
- Identifying new risks and managing change
- Ongoing monitoring and review throughout the project life cycle.
- Retrospective analysis and reporting at completion.
