Identifying the risks is the first step in managing them.
In construction projects, this commences with a proper understanding of the risk allocation from the construction contract. Once on-site, the desire will be the earliest identification of the risk(s) to manage and mitigate the impact of the risk on the planned time, cost and/or quality.
Most of the contract conditions now include “condition precedent” clauses that require you to issue timely notices. Often, parties feel that following this path will lead to an adversarial relationship; However, if the matter is discussed early enough, the parties can manage the situation to all parties satisfaction.