CONSTRUCTION AND DEVELOPMENT PROJECTS COME WITH RISKS. Here are the most common:
Safety hazards: Worker accidents and injuries
Managing change orders
Incomplete drawings and poorly defined scope
Increases in material costs and labor shortages
Poor project management
These can be one or combination of financial, contractual, operational, and/or regulatory/environmental risks and can be caused by both internal and external sources.
Not taken seriously, risks could have a serious impact on costs, schedules, and performance of your project which would lead to DELAYS and DISPUTES down the road.
THE GOOD NEWS IS THESE RISKS CAN BE MANAGED AND MITIGATED WITH PROPER PLANNING, DUE DILIGENCE, AND TIMELY GOOD MANAGEMENT.
