Commercial Risk Management in Construction

Construction projects entail considerable risk. Profit margins are low when compared to the investment made, and often estimates of cost can only be based on best guesses. That is why it is critical to manage and minimize the exposure to risk.  Fortunately, there are several opportunities in the life of a project that allow for significant risk management. These opportunities start with the decision of whether or not to bid a project in the first place, and following through to the bidding, subcontracting, and management phases. In this webinar our expert speaker  will explore the risk management strategies that can be employed at the various times, and in the various aspects, of a construction project.

Webinar Objectives

In this webinar we will identify and discuss key project milestones and opportunities for risk management, and then cover ways that risk is and can be address risks at each milestone and throughout the entire lifespan of a project. Highlighted with real life examples, the attendees will develop a greater understanding of the risks inherent in undertaking a construction project, and how to limit the exposure to risk. We will also explore the successful implementation of these methods, as well as instances where a failure to manage risk resulted in unsuccessful outcomes.

Webinar Agenda

• Risk management before and during bidding
  • Considerations
  • Bid as a safety valve
• Risk management before starting construction
  • Scheduling
  • Subcontracts
  • Procedures
• Risk management during construction
  • Communication
  • Information

Webinar Highlights

The topics covered in this webinar will include:

• Deciding whether or not to bid a project
• Developing an adequate bid
• Properly planning and scheduling the work
• Engaging subcontractors and allocating risk
• Establishing proper protocols and procedures
• Having the appropriate supervision and management
• Maintaining adequate information and documentation

Who Should Attend

Construction management professions including:

• Project managers
• Construction company Vice President level executives
• Construction company corporate counsels
• Attorneys specializing in construction law
• Architects and engineers