Hello to everyone,
In the “PM Network” magazine of April 2016 (pages 28-29) there is an interesting article about Construction Risks and Contractors. It focuses on contractors and suppliers to manage construction risks through confidence.
I am quoting from the article:
“There is a number of risks that can be controlled or influenced through the right management of contractors and suppliers. This is because 70 to 75 percent of expenditures in capital megaprojects in the heavy engineering sector are made through these vendors. Here are the techniques for building risk control:
a. Contractor Screening
b. Bid Evaluation
c. Contract Administration
d. Support Framework
e. Application of Risk Mitigation Tools”
You can read the full article below:
Moreover, you can read the below relevant post:
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