Construction risks which are typically include both financial and physical categories.Allot of construction types of risk which include sometimes apparent construction hazards, such as safety and health risks associated with operations, as well as financial risks from exposures to market price volatility, counter party credit defaults, and legal liabilities.
A)Identify and assess risks
B) Know the numbers
C)Risks are interrelated
D)Continually reassess risks
E)Commit adequate resources
F)Review the cost of risk mitigation
G) Reduce exposure