Construction Project Risk Assessment

What risks does your project have?

The risk assessment process for major construction projects sometimes does not commence until the prime contractor is retained or just prior to the commencement of construction. Lýseis believes project risk assessment should commence from the actual conception of the project and be an evolutionary process that may extend beyond the project’s substantial completion.

• Critical to the project’s success
• Assists with the development of the project safety plan
• Essential to determine the project specific insurance requirements.
• Supports requirements for risk management plan
• Regulatory compliance assurance

What To Look For

The risk assessment is also essential in the development of the projects risk management and construction safety plan as well as determining the project insurance requirements. The acceptance, mitigation and transfer of risk is critical throughout the duration of the project with the review of the various consultant, contractor and supplier contracts, the site specific and construction activity risks, procurement and supply chain risk, financial and reputational risk as well as ensuring regulatory compliance.

Value in Experience

The success of any project is dependent upon a robust and enduring risk management plan. Lýseis can help!