Construction Risk Management

Throughout the project planning, we will help the owner determine the various types of volatility that may exist due to unknown factors within the project plan. This risk will be continually mitigated throughout the project by ongoing:

• Scope Development
• Verification of scope of work with building permit and zoning approvals
• Plan, specification, contract and other construction document development
• Assessment of overall budget with scope
• Project site understanding
• Development of detail in project estimate and schedule

We also work throughout the project to explain the ‘ripple effect’ that might incur costs, from design changes the Owner wishes to make. Which they may not be aware of how it affects the costs and impact of the project and schedule.

Examples:

• Design Add Services – reflecting the cost and time required for Drawing changes (Architect, Engineers & Consultants)
• City Review & Approvals – often required prior to work beginning and may extend the schedule
• Rework – Losses from completed work which may need to be redone
• Re-Pricing – Added time and costs of the new Scope of Work by all trades (may begin as a ROM)