Risk Assessment, Risk Management & Due Diligence

Risk Assessment

We review the essential elements of a project’s contractual obligations, entitlements and deliverables from the perspectives of time and cost. This involves an in-depth assessment of both contractual and project issues, allowing risk to be identified and assessed at an early stage.

Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.

Risk Management

Despite early risk assessment, identified risks need to be managed, maintained and reviewed on an ongoing basis. In addition, risk appears at all stages of a project including unexpected events or outcomes inherent in the execution of any scope of work.

To protect our clients’ interests we are able to manage, oversee and maintain key elements of projects such as overall management and organisational practices, cost management and control systems, scheduling and procedures, change and claims control together with alternative or enhanced record keeping and documentation control.

Due Diligence

When a financial health check on the position of a construction project or company is required, QUALSURV provides the independent expertise necessary to conduct a due diligence assessment.

Our construction consultants work on behalf of a range of parties including parent companies, financial institutions, insurers and administrators. They provide informed insight into financial and contractual positions, including:

  • Management processes and reporting
  • Current and completed contracts
  • Unrecovered work in progress
  • Construction insurances
  • Construction risk
  • Financial risk

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