05.09.2010, 04:31
Polish (Poland)
Construction investment risk management

The basic aim of a professional organization of a construction process is proper evaluation of the risk connected with individual stages of the investment execution. The scope of hazards connected with the construction process is very wide and includes all work stages. The identification and minimization of the risk should start in the investment planning stage. Optimization proposed by Erigo is the consequence of a thorough analysis of the given investment’s plan in terms of its character and execution method, and evaluation of involved entities.


A risk audit allows setting principles of elimination or limitation of the risk – on the basis of estimation of hazards not pertaining to the law, like geological or atmospheric, on one hand and a detailed evaluation of individual contracts’ risk on the other. Management of contact risk is not limited to an estimation of the matter of bad contracting or inadequate coordination (usually having its source In the construction contract), or design defects – it included all hazards connected with the construction process, lack of access to equipment, changes of product prices, delivery delays, loss of financial liquidity or lack of professional qualifications, among others. A detailed risk analysis results in the arrangement of an insurance strategy,  minimizing the investor’s risk and indication of different protection tools. An extremely important element is proper use of financial insurance. Erigo’s offer also includes risk monitoring during the entire construction process, what will support the coordination, supervision and indemnity optimization processes during the execution of separate stages of the investment process.


In cases when investment works have already started, Erigo offers to conduct an insurance audit which,   through an analysis of the signed insurance contracts and other insurance documents will indicate whether the scope of signed insurance is adequate to actual needs connected with the conducted investment.

 
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