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Risk is inherent in every project and every operation in a construction project. Risk management is now becoming a business in itself with specialist risk managers being employed on major projects. Many major projects are seeing the benefit of this specialist risk management, with successes such as the 2012 Olympics and progress to date on Cross Rail.
Date: Wednesday, 28 May 2014
Time: 12:30 - 14:00
Location: Mercure Glasgow City Hotel, 201 Ingram Street, Glasgow, G1 1DQ
Caroline Earnshaw, Senior Solicitor, bto's Construction & Engineering team, Edinburgh
Alan Flower, Director, leads KPMG’s Restructuring Advisory team, Scotland
Brian Jukes, Director, Business Fix Ltd
Audience:Consultants, Project Managers, Contractors and Sub-Contractors.
12:15 - 12:30 Registration
12:30 - 13:30 Seminar
13:30 - 14:00 Discussion and informal buffet lunch.
Fee:This seminar is free of charge.
Contracts: As a member of bto’s non-contentious construction team, Caroline Earnshaw specialises in drafting and negotiating a wide range of construction and engineering contracts for use in projects throughout Scotland. Caroline will consider various procurement strategies and how these strategies shape the drafting of construction and engineering contracts in general. She will focus on a number of specific terms and conditions to illustrate how the balance of risk in key areas can be dealt with by the parties to a contract.
Financial Risk: Alan Flower of KPMG will look at areas of financial risk that companies should be aware of at all times. He will draw on his experience from working with a wide variety of clients where in some instances lack of risk management has led to the need for re-structuring and other actions. He will speak to the financial risk, caused by lack of working capital/cost reduction/managing cash, that companies can face when operating in a changing economic environment. Effective risk management can highlight a problem before there are serious consequences and Alan will look at some of the early warning signs of which business leaders need to aware .
Operational Risk: Being able to identify risk and demonstrate effective risk management to clients is a key issue for clients in the selection of consultants and contractors for projects. Brian Jukes of Business Fix Ltd., will discuss how to use risk management to your advantage in the procurement process. He will also discuss how operational risk can be managed during the project to improve profitability and performance.
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