The uncertainty in undertaking a construction project comes from many sources and often involves many participants in the project. Since each participant tries to minimize its own risk, the conflicts among various participants can be detrimental to the project.  Only the owner has the power to moderate such conflicts as it alone holds the key to risk assignment through proper contractual relations with other participants. Failure to recognize this responsibility by the owner often leads to undesirable results. Our consultants understand the concept of "risk sharing/risk assignment".  In understanding the concept of risk, we are able to advise all parties to the construction process of their responsibility for risk.  It is not always commercially beneficial to pass on unacceptable risk to a party that is not equipped to accept it, which in turn leads to financial loss.



In approaching the problem of uncertainty, we understand the importance of recognizing that incentives must be provided if any of the participants is expected to take a greater risk. The willingness of a participant to accept risks often reflects the professional competence of that participant as well as its propensity to risk.