Sir Michael Latham , 1994

No construction project is risk-free. Risk can be managed, minimised, shared, transferred, or accepted.

Project Risk Management

Source: PWC

Construction Risk

CMC’s construction management team performs risk assessments on construction projects to assist our clients in preventing and mitigating costly potential delays and disruptions.

  • Proper determination of risk and assessment occurs during the contractucal negotiation phase. 
  • Risks must be identified and allocated, while mitigatory measures should also be taken where possible. 

Financial Risk

  • Can the project be completed on budget and according to the agreed standards and specifications? 
  • Can the project be completed on schedule?
  • Which party should assume the risk and liability for construction delays, costs overruns and performance shortfalls?