With high levels of construction activity in the global marketplace, stakeholders of capital projects rely on expert opinion, testimony, and practical advice to help assess and mitigate risks. As construction projects become increasingly sophisticated in terms of programming, technology, and the global supply chain, disputes remain a common feature:

  • Construction itself is more complex than ever, driven by new technologies and contracting methods;
  • Cost overruns, project delays, quality concerns, and changes in the scope of projects create significant delivery risks; and
  • Participants in major capital projects increasingly comprise diverse owners, capital sources, and contractors with competing priorities.

Understanding the origins, scale, and potential impacts of the inherent risks in execution is vital to the effective management of the project through the entire lifecycle.