Commercial risk management and dispute advisory are about having accurate, timely advice that can allow the management to identify and understand the issues and make informed decisions that align with their business objectives.
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.
