Risk and Value in Early-Stage Construction

(Duration 1 hour // 1 PDH Credit)

The success and profitability of construction projects depend on the contractor’s ability to manage risks and identify opportunities to add value. Another critical factor, which is often overlooked, is the timing of decisions during project execution. Decisions made early have much greater potential to affect project success.

Risks to your project come in many forms – things like weather, supply chain, material costs, labor, and permits. So do opportunities to generate additional value. We traditionally think of money when we talk about adding value to projects, and that’s still the primary motivator in many cases. But what would improved productivity, earlier completion, reduced material quantities, or a smaller carbon footprint mean to the success of your project? And how can you effectively identify such opportunities?

In this webinar, we’ll be discussing:

• Sources of risk and value in construction projects

• Why early-stage decisions are critical to project success

• A framework for evaluating the associated opportunities

• Examples of successful projects