Risk Management in Construction Projects
It has certainly been a challenging time for the construction industry. However, as demand increases and opportunities arise, rising to these challenges and prioritising construction risk management are now key driving forces in the sector.
This section aims to provide the latest construction news and expert advice, information and resources to support successful construction risk management, helping the industry navigate the road ahead.
It has never been more important for the construction industry to have its finger on the pulse. In the shadow of Brexit and the pandemic, everything is fluid from material supplies to legislation changes. The industry finds itself at a crossroads.
Materials and labour are causing the two biggest blockades. It has become increasingly difficult to find, recruit and retain suitable employees at the lower end level, partly due to the pandemic and the effects of Brexit, but also because fewer young people are entering into trades and the older generation of skilled workers is retiring.
Helping the Construction Industry Navigate the Road Ahead
Material supply problems and increasing prices are also headaches for the industry, causing rising costs and delays to projects. Ensuring compliance with changing legislation and rising to sustainability demands also add to the growing list of challenges facing construction risk management.
Other key considerations for risk management in construction projects include health and safety compliance, construction risk assessments, financial risks, environmental and CSR risks, and quality management. Understanding these risks and controlling, transferring or mitigating them is key for future growth in construction.
