Published:  15-Mar- 2012  | Product Category:  Other | Comments: 0        

To deliver a project on time and within budget requires managing contingencies and controlling cost of capital.

Key challenges:

• identifying risk exposures relative to the project, enabling optimum transfer of risk;
• understanding allocation of risk among project participants;
• identifying coverages the contractor should effect and maintain for the project to comply with contract conditions;
• determining how liquidated damages will be managed in the project;
• determining how risks of project delay are addressed and whether risk management processes are adequate for the level or risk;
• understanding the impact of financial model inaccuracies or use of incorrect assumptions;
• determining risk of professional negligence claims;
• understanding consequences of financial difficulties of project counter-parties;
• mitigating political risk to either in-country assets and mitigating potential inability to transfer funds out; and
• determining potential legal irregularities that can affect contractual obligations and/or financial covenants.

Marsh assists clients to achieve their infrastructure project objectives by helping clients to effectively identify, evaluate, allocate and manage project risks. This approach helps ensure that clients effectively balance risk retention and risk transfer solutions for their project.

Name (required) Name Is Required

Email (required) Email Is Required Invalid Email Address

Website

Comment Is Required

Enter the code shown above:

Notify me of followup comments via e-mail