Managing risk on construction projects is important for all project owners. This includes both developers and companies building for their own use, because capital projects are a significant part of every major company’s budget, whether the company is building a factory, processing plant or data center, expanding its corporate campus or merely replacing major systems in existing buildings. Our workshop on October 19th identifies four primary risk areas on construction projects and examines how owners can minimize these risks to achieve a successful project. The workshop will address the following topics and provide specific advice for managing construction risks:
- Successful construction projects
- Construction project relationships, delivery formats and contract structures
- Risk No. 1 – Cost Overruns
- Risk No. 2 – Defects, Failures and Nonconformities
- Risk No. 3 – Differing Site Conditions
- Risk No. 4 – Delay
Registration to Follow.
