There are many issues, which create risks in a construction project:
- Risks which affect the viability of the project
- Risks which can affect completion dates
- Risks which can affect the final cost
- Risks that can affect construction quality
- Risks which can affect completeness of the work
- Risks which can affect the reputation of those involved
The management of these risks is a frequently serious matter for clients, investors, insurers and designers, as well as contractors and suppliers. High amongst these risks must be those of accidents, which can affect fabric, plant equipment and people and in turn affect many strategic project objectives.Every accident, whether or not it involves a person, will give rise to a cost and a consequence – the cost of the breakage or damage, delays caused by repair or repeat work and waiting for replacements as well as possible effects on the quality and the performance of the finished product. All of these may be exacerbated if time and cost constraints are very tight and if there is insufficient leeway for accidents in construction programme. Failure to manage these risks in construction can have critical effects on the primary objectives of clients and designers – to complete a project on time, on cost and to quality and performance targets.
Employing a CDM Co-ordinator who is aware of these considerations will bring added value to contracts.