Practical Risk Management for EPC / Design-Build Projects: Manage Risks Effectively - Stop the Losses - Hardcover

Salmon, Walter A.

Hardcover

ISBN 10: 1119596173 ISBN 13: 9781119596172

Publisher: Wiley-Blackwell, 2020

Synopsis

Many of the books on construction risk management concentrate on theoretical approaches to the accurate assessment of the overall risks of taking on a new project. Less attention is paid to the typical risks to which the operational level of a project is exposed and how operational managers should approach those risks during project implementation. This book identifies precisely where the major EPC/Design-Build risks occur within an operational framework and shows how best to deal with those risks. The book attempts to offer practical advice, approaches and tools for dealing with risks to which the various operational departments are exposed.

About this title

About the Author

WALTER ALFRED SALMON is a Chartered Quantity Surveyor and was, until very recently, Contracts Advisor to the general manager of an international contracting organization that specializes in carrying out EPC Projects for the Oil & Gas Industry in the Middle East.

From the Back Cover

EXPLAINS WHERE THE MAJOR RISKS LIE FOR THE EPC/DESIGN-BUILD CONTRACTOR, AND SHOWS HOW BEST TO HANDLE THOSE RISKS

This book seeks to help put the profit back into EPC and Design-Build Projects for the benefit of those contractors who are struggling with the issue. It purposefully steers away from contract interpretation and legalese so that it can focus on providing readers with a better understanding of live projects' issues and solutions all from the perspective of an author who has experienced and witnessed it many times over.

Practical Risk Management for EPC/Design-Build Projects clearly sets out the author's understanding of the problems encountered by contractors and how best to handle the risks observed. It explains in great detail all of the key roles on major projects and how those roles can and should interface successfully; looks at different construction project implementation routes such as traditional contracting, design-build, and EPC approaches; and covers project pre-implementation issues like bidding process pitfalls, cost under-estimation, and conceptual design bid pricing problems. Throughout, the book offers practical tips and guidance for navigating a route to a successful project, and placing the contractor in the best possible position when problems arise.

The book:

• Presents a uniquely personal overview of EPC project risk management
• Covers EPC project pre-implementation problems and overseas EPC project preparatory work
• Fully explains every project member's role, function, and responsibility
• Identifies the major hazards and shows how to manage the associated risks
• Provides an extensive appendix of abbreviations and acronyms

Practical Risk Management for EPC/Design-Build Projects will benefit all contractors and construction project managers, employers, and lawyers involved in taking on a new EPC or design-build project.

From the Inside Flap

EXPLAINS WHERE THE MAJOR RISKS LIE FOR THE EPC/DESIGN-BUILD CONTRACTOR, AND SHOWS HOW BEST TO HANDLE THOSE RISKS

This book seeks to help put the profit back into EPC and Design-Build Projects for the benefit of those contractors who are struggling with the issue. It purposefully steers away from contract interpretation and legalese so that it can focus on providing readers with a better understanding of live projects' issues and solutions—all from the perspective of an author who has experienced and witnessed it many times over.

Practical Risk Management for EPC/Design-Build Projects clearly sets out the author's understanding of the problems encountered by contractors and how best to handle the risks observed. It explains in great detail all of the key roles on major projects and how those roles can and should interface successfully; looks at different construction project implementation routes such as traditional contracting, design-build, and EPC approaches; and covers project pre-implementation issues like bidding process pitfalls, cost under-estimation, and conceptual design bid pricing problems. Throughout, the book offers practical tips and guidance for navigating a route to a successful project, and placing the contractor in the best possible position when problems arise.

The book:

• Presents a uniquely personal overview of EPC project risk management
• Covers EPC project pre-implementation problems and overseas EPC project preparatory work
• Fully explains every project member's role, function, and responsibility
• Identifies the major hazards and shows how to manage the associated risks
• Provides an extensive appendix of abbreviations and acronyms

Practical Risk Management for EPC/Design-Build Projects will benefit all contractors and construction project managers, employers, and lawyers involved in taking on a new EPC or design-build project.

Edition details

• Publisher: Wiley-Blackwell
• Publication date: 2020
• Language: English
• ISBN 10: 1119596173
• ISBN 13: 9781119596172
• Binding: Hardcover
• Edition number: 1
• Number of pages: 320