Construction Information Services
Thursday, September 18, 2014
The construction risks can be broadly grouped under the following categories:
Inadequate site investigation.
Uncertainty over the source and availability of materials.
Appropriateness of specifications.
Availability of resources - particularly construction equipments, spare parts, fuel and labor.
Availability of sufficient transportation facilities.
Uncertain productivity of resources.
Weather and seasonal implications.
Industrial relations problems.
Availability and fluctuation in foreign exchange.
Delay in Payment.
Repatriation of funds.
Constraints on the availability and employment of expatriate staff.
Customs and import restrictions and procedures.
Difficulties in disposing of plant and equipment.
Insistence on use of local firms and agents.
Financial Crisis: A Multi Level Impact on Construction
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