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 standard forms include “condition precedent” clauses which 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 have the best opportunity of managing the situation to all parties satisfaction.