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The Risk Of Construction

 

Financial Provisions for Building and infrastructure development projects, Maintenance of buildings, are provided under the votes of the clients.The client experienced draw backs in executing, leading to huge risk such as:

o Quality risk : final product which is not fit for the purpose – non effective on long run
o Financial risk : not receiving the value for the money, heavy cost overruns
o Contractual risk : contracts leading to contractual claims and litigation
o Scope risk : huge change of scope, non-functionality of the building
o Management risk : leading to audit queries
o Sustainability risk : the assets will be inadequate to cater future requirements
o Functionality risk : improper allocation of spaces and utilities leads to functionality issues
o Safety risk : the safety of the occupants and users cannot be assured

Last Updated on Friday, 12 December 2014 06:48  
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