It is important to capture all potential risks in a project and undertake all necessary actions or make provisions for eliminating or preventing them from occurring. Alternatively, the effects of risk may be reduced and allocated to the party best prepared for managing them. This requires a systematic approach to risk management.
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Today’s construction industry is very competitive, therefore identifying the risk before initiating any development is essential. Project initiation and its risks are being captured in feasibility studies but we address here only the Risk management in the Contract while pricing and bidding.
There are several risks and here we have identified to some extent the most important and potential risks in the Construction Industry and how to mitigate these risks.
Nagarajan Velappen has had 27 years of experience in the field of Contract and Commercial in 7 different countries (mostly in middle East) including Fareast and India in the Construction Industry. Nagarajan presently works as Head of Contracts in Projac’s international – a project management company since 2009.
Previously Nagarajan worked as Vice President with a realty developer in India, which provided a handful of experience to share my knowledge in the field of Construction in any topic close to QS Management, Contract Management, Commercial Management and Claim Management. Nagarajan holds a Degree in both Civil Engineering and Quantity Surveying as well MBA in Project Management along with being a proud member of RICS since 2014.
18:00 – 18:30 Adobe Connect will be open for audio testing
18:30 – 19:30 Speaker presentation
19:30 – 20:00 Q&A