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Dangerous liaisons

By: Contributor(s): Language: English Series: Building ; 270(8408) 25 November 2005, 62-63(2)Publication details: 2005Subject(s): Summary: The latest KPMG Global Construction Survey reveals that 75% of respondents are prepared to override risk management policies to secure a contract. Abdication of risk by clients is perceived to be the main cause of contractual disputes, although only a small percentage of disputes lead to litigation or arbitration. The top three challenges facing the industry are identified as risk management, lack of qualified staff, and securing of forward workload. Pie chart. Graph.

The latest KPMG Global Construction Survey reveals that 75% of respondents are prepared to override risk management policies to secure a contract. Abdication of risk by clients is perceived to be the main cause of contractual disputes, although only a small percentage of disputes lead to litigation or arbitration. The top three challenges facing the industry are identified as risk management, lack of qualified staff, and securing of forward workload. Pie chart. Graph.