How to manage key risks in the construction industry?
From small-scale engineering to large infrastructure projects, contractors today face multiple interconnected risks — such as natural disasters leading to supply chain disruption — that can potentially result in project delays and severe contractual and financial consequences.
Risks are also unique to each construction project and organisation. Successful projects and resilient businesses need to ensure accurate identification and quantification of risks, implement risk mitigation actions, and obtain best-fit contractor insurance and risk transfer solutions.