Managing Risks in Construction Projects

Proceedings Publication Date:

23 Jun 2017
Presenter
Dr. Nicolai Ritter
Presenter
Author
Dr. Nicolai Ritter
Part of the proceedings of
Abstract
Managing risks is one of the main challenges of construction projects. All parties involved in a construction project – irrespective of its size and kind – have to deal with risks, have to identify and evaluate them and have to determine how to handle risks, e.g. by means of avoiding, allocating, pricing, safeguarding or covering risks. A complete risk management necessarily requires the legal review of potential risks. This presentation demonstrates the means of a consistent legal risk management with a particular focus on the contractual ring-fencing of risks. It also gives an outlook on how to deal with and how to evaluate those risks, which have already been realized.

To view the video or download the paper please register here for free

You already have access? Sign in now.