Risk In construction Project

1. Fundamental Risk - Outbreak of war 
2. Construction Risk - Shortage of resources 
3. Legal risk - Injured to persons 
4. Price determination risk - errors in estimating 
5. Contractual Risk - Delay , late payment 
6. Performance risk - low productivity of labour 
7. Economic Risk - Inflationary pressure 
8. Political risk - change in goverment policies 
9. Commercial risk - market recession 

Awareness of risk 

Example of areas of risk is soil condition , cost , safety& health , time , etc 

Controllable risk 

-Over budget 

- Design Discrepancies 

- Lack of coordination 

- Delay in getting revised drawing 

- Inadequate information from client 

- Defective equipment 

- Shortage of labour 

Uncontrollable risk 

-Unfavorable weather 

- Inflation of material 

- Market recession 

- Unforeseen circumstances